Dangote Cement Plc (DCP) shareholders are to reap bountifully for the year ended December 31, 2011  as the company’s board of directors recommended payment of cash dividend and bonus issue.

Dangote Cement will reward shareholders with cash dividend of N19.37 billion, which translates into N1.25 per share. Also, the board recommended a bonus issue of one new share for every one already held.

With a turnover of  N235.70 billion compared to  N202.57 billion last year, a 16 per cent growth was evident as the company released its financial statement on the floor of the Nigerian Stock Exchange (NSE) yesterday. Also, profit before tax rose by 14.6 per cent to N139.08 billion to N121.28 billion while retained profit surged from N105.32 billion to N125.48 billion.

The Chairman of the DCP, Alhaji Aliko Dangote, had recently assured shareholders of good returns on their investments. According to him, the  significant contributions of the operations in Obajana and  the inauguration of  the six million metric tons Ibese Cement plant would steadily increase the company’s turnover and guarantee returns on investment for shareholders.