Basic Dividend Distribution Policy
In accordance with the Company's Prospectus for 2008, the Company plans and seeks to distribute cash dividends at least once a year. The amount of dividends is related to the Company's profits in the financial year concerned, without neglecting the soundness of the Company and without reducing the right of the General Meeting of Shareholders of the Company to determine otherwise in accordance with the provisions of the Company's Articles of Association.
By taking the above provisions into account, the Company strives to maintain a dividend payout ratio of around 20% of the Company's consolidated net profit for each year. Determination of the amount and payment of the dividends will depend on recommendations from the Board of Directors, but there is no certainty that the Company will be able to pay dividends this year or in subsequent years. The decision of the Board of Directors in providing dividend payment recommendations depends on:
- Company Development Plan and capital expenditure;
- Policy considerations in similar industrial sectors;
- Cash flow conditions and the Company's working capital requirements;
- Company’s capital structure policy;
- Company’s net profit.
Distribution and payment of dividends from 2014 to 2018:
|Dividend Distribution Year||2019||2018||2017||2016||2015|
|Announcement Date||11th of April 2019||14th of May 2018||23rd of May 2017||2nd of May 2016||4th of May 2015|
|Payment date||10th of May 2019||8th of June 2018||22nd of June 2017||1st of June 2016||3rd of June 2015|
|Dividend Distribution Policy (%)||20%||20%||20%||20%||20%|
|Cash Dividends Distributed (IDR)||69,08 billion||37.1 billion||31,1 billion||75,1 billion||288,7 billion|
Dividends per Share
|Dividend Distribution Ratio (%)||25%||15%||10%||20%||70%|