Okomu Oil Palm Firm Plc has declared a Remaining Dividend of N26.00 for every odd share of N50 kobo, payable to shareholders listed on the Register of Members as of the shut of enterprise on April 24, 2025.
This announcement was made in a disclosure revealed on the Nigerian Change on April 3, 2025, and signed by the corporate secretary, Chukwuebuka Omerole.
The ultimate dividend, for the interval ended December 31, 2024, is topic to withholding tax and regulatory approval, with funds anticipated to be made to certified shareholders on Might 22, 2025.
Moreover, the corporate emphasised that finishing the e-dividend registration is crucial for qualification and famous that funds could be made by way of digital switch to shareholders’ {bank} accounts.
Okomu Oil reported a pre-tax revenue of N53.5 billion for the 12 months ended December 31, 2024, marking a powerful 58.27% enhance from the N33.8 billion reported the earlier 12 months.
Income soared by 73.36% year-over-year, totaling N130.2 billion.
Chairman, Mr. Gbenga Oyebode commented on the outcomes, stating, “This distinctive efficiency was pushed primarily by the sustained rise within the costs of our key merchandise, with crude palm oil costs rising roughly 35% year-on-year, alongside a outstanding 194% rise in rubber costs.”
He additional acknowledged the assist of shareholders, saying, “In recognition of our firm’s robust efficiency, the Board of Administrators declared an interim dividend of N10.00 for the fiscal 12 months 2024 to reward our loyal shareholders for his or her continued belief. Moreover, the Board has advisable a ultimate dividend cost of N26 per share, bringing the overall dividend payout for 2024 to N36 per share.”
