Okomu Oil declares N7 interim dividend to shareholders in Half Year 2022

Okomu Oil Palm Company Limited has proposed an interim dividend of N7 to its shareholders for the period ended 30 June 2022.

A turnover of N40.757bn was reported for the 6 months period, up by 72.5% from N23.626 billion reported the previous year.

Profit after tax grew year on year by 76.57% to N16.84 billion from N9.54 billion reported in HY 2021.

Earnings per share (EPS) of Okomu increased by 76.57% to N17.65 from the EPS of N10 achieved the previous year.

At the share price of N216.9, the P/E ratio of Okomu stands at 12.29x with earnings yield of 8.14%.

Qualification date for the proposed interim dividend is 22nd of August, 2022. The Register of Shareholders will be closed from 23rd to 26th of August 2022.

On the 29th of August, dividends will be paid electronically to shareholders whose name appear on the Register of Members as at 22nd of August 2022.

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