Bumitama Agri pays record dividend; expects higher palm oil prices in 2023

SHAREHOLDERS of Bumitama Agri were recently rewarded with a record-high double dividend payout – a final dividend of S$0.0442 and a special dividend of S$0.0213 – for the company’s financial year ended December.

This came despite a fall in the oil palm planter’s earnings for the second half of last year, as crude palm oil (CPO) prices weakened.

In an interview with The Business Times, Bumitama Agri’s executive director Christina Lim said that 2022 was a “year of two halves” for palm oil companies.