Okomu Oil Palm Dividend
Dividend criteria checks 4/6
Okomu Oil Palm is a dividend paying company with a current yield of 7.51% that is well covered by earnings. Next payment date is on 23rd May, 2024 with an ex-dividend date of 26th April, 2024.
Key information
7.5%
Dividend yield
85%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | 23 May 24 |
Ex dividend date | 26 Apr 24 |
Dividend per share | n/a |
Earnings per share | ₦21.64 |
Dividend yield forecast in 3Y | 3.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: OKOMUOIL's dividend payments have been volatile in the past 10 years.
Growing Dividend: OKOMUOIL's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Okomu Oil Palm Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (OKOMUOIL) | 7.5% |
Market Bottom 25% (NG) | 2.3% |
Market Top 25% (NG) | 7.2% |
Industry Average (Food) | 1.9% |
Analyst forecast in 3 Years (OKOMUOIL) | 3.7% |
Notable Dividend: OKOMUOIL's dividend (7.51%) is higher than the bottom 25% of dividend payers in the NG market (2.28%).
High Dividend: OKOMUOIL's dividend (7.51%) is in the top 25% of dividend payers in the NG market (7.22%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (85.5%), OKOMUOIL's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (91.5%), OKOMUOIL's dividend payments are not well covered by cash flows.