BREAKING NEWS: Okomu Oil declares ₦30 interim dividend

 

Okomu Oil 

Okomu Oil Palm Company has proposed ₦30 per 50 kobo ordinary share as interim dividend for the period ended 30 June 2025.

This is revealed in a corporate disclosure filed with the Nigerian Exchange Ltd. on Thursday.

The statement reads, “An interim dividend of ₦30.00 per 50 kobo ordinary share, subject to withholding tax, will be paid to qualified shareholders.”

Shareholders must appear in the Register of Members as at the close of business on 8 August 2025 to receive the dividend. The Register of Shareholders will be closed from August 11 to 15.

On August 22, dividends will be paid electronically to shareholders who completed e-dividend registration and mandated the Registrar.

Okomu Oil Palm also reported ₦129.8 billion revenue in H1 2025, up from ₦75 billion recorded in the same period of 2024.

Profit after tax from continuing operations rose to ₦47.54 billion, up from ₦20.2 billion in the previous year.

Basic earnings per share increased to ₦49.83, compared to ₦21.17 in the corresponding period of 2024.