07/07/2026
With N5 Million and current yield, I will choose GTCO over DANGCEM
₦5,000,000 buys about 5,000 shares.
Annual dividend ≈ ₦225,000 (4.5% yield).
GTCO
₦5,000,000 buys about 40,650 shares.
Annual dividend ≈ ₦518,700 (about 10.4% yield).
For an income-focused investor, stands out. It offers:
✔ More than double the dividend yield.
✔ Strong earnings and consistent dividend history.
✔ Better potential for total return if earnings continue to grow.
DANGCEM remains an excellent company but at the stated price and dividend, its dividend yield is significantly lower. It may appeal more if you expect substantial capital appreciation.
If I had ₦5 million and could choose only one based on today's numbers, I'd pick GTCO.
If diversification is an option, consider allocating 60–70% to GTCO and the balance to DANGCEM to combine higher income with exposure to Nigeria's leading cement company.