Okomu Oil Declares N30 Interim Dividend as Q2 2025 Profit Soars 459%

Okomu Oil Palm Company Plc has declared an interim dividend of N30 per 50 kobo ordinary share for the period ended June 30, 2025, marking a significant leap from the N8 declared in the same period last year. This announcement was made in a corporate disclosure dated July 24, 2025.

The dividend will be paid electronically on August 22, 2025, to shareholders whose names appear in the register as of August 8, 2025, provided they have completed their e-dividend registration. Okomu Oil urged those yet to complete the process to do so promptly to ensure smooth disbursement.

The company clarified that no bonus shares will accompany the dividend. As customary, the interim payout is subject to applicable withholding tax and regulatory approval, aligning with compliance requirements for listed firms on the NGX.

The rise in dividends reflects Okomu Oil’s outstanding financial results, with pre-tax profit surging 459% to N34.8 billion in Q2 2025, up from N6.2 billion in Q2 2024. The spike, driven by higher revenue generation, underscores the company’s growing earnings power and strengthens its position as a top-performing dividend stock in Nigeria’s agribusiness sector.

This impressive dividend signals management’s confidence and enhances investor sentiment as the company continues to leverage strong commodity market conditions. With consistent profit growth and rising shareholder returns, Okomu Oil Plc remains a standout in Nigeria’s palm oil industry.