Okomu Oil posts N2 interim dividend to shareholders in nine months

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 Okomu Oil Palm Company Plc has posted  an interim dividend of N2 to shareholders for the 9 months period ended, 30 September 2024.

The Company posted  a turnover of N103.95 billion for the 9 months period, up by 71.4% from N60.65 billion reported the previous year.

Profit after tax of N28.34 billion was  attained for the 9 months period, up by 35.45% from N20.92 billion reported the previous years.

Earnings per share of the Company is put at N29.71.

At the share price of N338.1, the P/E ratio of Okomu Oil stands at 11.38x with earnings yield of 8.79%.

The Qualification date for the proposed interim dividend of N2 is 14th November, 2024. The Register of Shareholders will be closed on 15th November 2024.

On 18th November 2024, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 14th November, 2024 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

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