Okomu Oil to Share N2 Interim Dividend to Shareholders

By Modupe Gbadeyanka

The board of directors of Okomu Oil Palm Plc has agreed to pay shareholders of the company an interim dividend of N2 per share for the period ended September 30, 2019.

This decision was reached at the board’s meeting held at the Sheraton Hotel, Ikeja, Lagos on Monday. At the same gathering, the board also approved the nine months unaudited financial statements of the company.

“Okomu Oil Palm Company Plc wishes to notify the Nigerian Stock Exchange (NSE) and the investing public that at the meeting of the board of directors of the company held at the Sheraton Hotel, Ikeja, Lagos on Monday, October 14, 2019, the company’s unaudited nine months results for the period ended September 30, 2019 was considered and approved.

“The board also approved the payment of an interim dividend of N2 per share for the period ended September 30, 2019.

“The approved unaudited financial statements will be released at the Nigerian Stock Exchange on or before October 30, 2019,” a notice from the company stated on Wednesday.

Okomu Oil is a firm based in Benin City, Edo State that primarily cultivates oil palm. It also processes fresh fruit bunches into crude palm oil for resale, as well as rubber plantation and processing of rubber lumps to rubber cake for export.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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