Dangote CementNSA:DCP 100 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates NSA:DCP with a GF Score™ of 100/100 and a GF Value™ of ₦807.00 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 209 Building Materials companies, Dangote Cement ranks worse than 55.5% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Dangote Cement's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.00.
The historical rank and industry rank for Dangote Cement's Dividend Payout Ratio or its related term are showing as below:
NSA:DCP'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 0.93 Max: 1.36
Current: 0.45
During the past 13 years, the highest Dividend Payout Ratio of Dangote Cement was 1.36. The lowest was 0.45. And the median was 0.93.
NSA:DCP's Dividend Payout Ratio is ranked worse than 55.5% of 209
companies
in the Building Materials industry
Industry Median: 0.38
vs NSA:DCP: 0.45
During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 15.50% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 16.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Dangote Cement was 68.70% per year. The lowest was 7.70% per year. And the median was 21.90% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Dangote Cement (NSA:DCP) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Dangote Cement Dividend Payout Ratio Related Terms
Dangote Cement Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Dangote Cement's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSA:DCP vs CRH, VMC, MLM: Dividend Payout Ratio Comparison
For the Building Materials subindustry, Dangote Cement's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dangote Cement Dividend Payout Ratio vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Dangote Cement's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Dangote Cement's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Dangote Cement's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dangote Cement (NSA:DCP) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dangote Cement and its competitors. Over the past decade, Dangote Cement's Dividend Payout Ratio has ranged from 0.45 to 1.36. According to the industry distribution chart, Dangote Cement ranks #116 out of 209 companies in the Building Materials industry, placing it in the top 55.5%.
Is Dangote Cement's Dividend Payout Ratio too high?
Dangote Cement's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.36. Based on the distribution chart, Dangote Cement ranks #116 out of 209 companies in the Building Materials industry, which is below the industry midpoint. Overall, Dangote Cement has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dangote Cement's Dividend Payout Ratio compare to CRH and VMC?
According to the Building Materials industry distribution chart, Dangote Cement ranks #116 out of 209 companies for Dividend Payout Ratio. This places Dangote Cement in the lower half of its industry. The industry median Dividend Payout Ratio is 0.38. Historically, Dangote Cement's own Dividend Payout Ratio has ranged from 0.45 to 1.36 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Building Materials company?
The median Dividend Payout Ratio among Building Materials companies is 0.38, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Dangote Cement and its competitors. For the Building Materials industry, the median Dividend Payout Ratio is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dangote Cement's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dangote Cement stock overvalued right now?
Based on GuruFocus' analysis, Dangote Cement (NSA:DCP) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦807.00, compared to a current price of ₦963.00 — trading 19.3% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Dangote Cement's overall GF Score™ is 100/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Dangote Cement (NSA:DCP), the current Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dangote Cement (NSA:DCP) Overvalued in 2026?
Based on GuruFocus' analysis, Dangote Cement stock appears to be overvalued.
The current stock price of ₦963.00 is trading 19.3% above its estimated GF Value™ of ₦807.00.
GuruFocus considers Dangote Cement to be Modestly Overvalued.
Key valuation signals for NSA:DCP:
Dividend Payout Ratio: 0.00
GF Value™: ₦807.00 vs. price of ₦963.00 (19.3% above fair value)
No single metric tells the full story. See the NSA:DCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dangote Cement PLC is a cement manufacturer. It manufactures and markets cement and related products through its 'Dangote' brand. The principal activity of the Company and its subsidiaries is to operate plants for the preparation, manufacture and distribution of cement and related products. The Company's production activities are undertaken at Obajana town in Kogi State, Gboko in Benue State and Ibese in Ogun State; all in Nigeria. Its geographical segment includes Nigeria and Pan Africa. The company derives a majority of revenue from Nigeria segment.
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