Okomu Oil proposes dividend worth N6.7 billion for shareholders.

The Board of Okomu Oil Palm Company Plc has proposed a dividend of N6.7 billion to its shareholders for the period ended 31st of December, 2020.

The company’s Board made this announcement in a notification published on the website of the Nigerian Exchange Group Plc (NGX), stating that a dividend of N7 per share will be paid on all the issued 953,910,000 ordinary shares of the company.

All things being equal, the dividends will be paid electronically to qualified shareholders on 26th of May, 2021. Qualified shareholders are those, whose names appear on the Register of Members as at close of business on 13th of May, 2021. Other qualifying conditions are;

Shareholders must have completed the e-dividend registration.
In addition, shareholders must have mandated the Registrar (Cardinalstone Registrars Limited) to pay their dividend directly into their bank accounts.

What you should know:

Okomu Oil had earlier reported a profit after tax of N7.8 billion in FY 2020.
The firm closed trading for the week ended 7th of May, 2021 with a share price of N103.