Dangote Sugar Increases Dividend by 36.4% As Pre-tax Profit Rises

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Dangote Sugar Refinery shareholders to earn N1.50 final dividend.

The Dangote Sugar Refineries Plc in its published Full Year report for the period ended 31 December 2020 has proposed a final dividend of N1.50 to its shareholders. This is subject to approval at the forthcoming Annual General Meeting.
The Group reported a turnover of N214.298 billion, up by 33.03% from N161.086 billion reported in 2019.
Profit after tax for the period under review was N29.775 billion, up by 33.16% from the post-tax profit of N22.361 billion reported in 2019.
Earnings per share (EPS) increased to N2.45 from the EPS of N1.84 which translates to 33.16% growth year on year.

At the share price of N17.85, the P.E ratio of Dangote Sugar stands at 7.28x with an earnings yield of 13.73%.

Dangote Sugar Refinery Plc: Revenue expansion strengthens in Q3

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Dangote Sugar Increases Dividend by 36.4% As Pre-tax Profit Rises - Brand SpurDangote Sugar Increases Dividend by 36.4% As Pre-tax Profit Rises - Brand Spur

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Dangote Sugar Increases Dividend by 36.4% As Pre-tax Profit Rises - Brand SpurDangote Sugar Increases Dividend by 36.4% As Pre-tax Profit Rises - Brand Spur

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