Nigeria, Oct. 18 -- Okomu Oil Palm intends to pay a special cash reward to shareholders any moment from now, after its net profit for the first nine months of the year surged more than twofold to N60.3 billion, its second interim dividend this year.

The board approved the payout as part of its resolutions at a meeting on Thursday, a regulatory filing at the Nigerian Exchange on Friday stated, marking a breakaway from the tradition of paying one interim dividend annually.

The company has been prioritising dividend payment over retaining most of its earnings lately, choosing immediate shareholder value improvement over taking the long view.

Its first dividend for the year, announced after its half-year result, totalled N28.6 billion at N...