Dividend
Dividend Policy
Every year, the Company is committed to optimizing value for shareholders through the distribution of dividends without neglecting the Company's financial condition. The decision to distribute the Company's dividends is related to, among other things, the net profit earned in the fiscal year and the Company's obligation to allocate reserve funds in accordance with applicable regulations and the Company's financial condition. In addition, the Company also considers future growth rates and expansion plans in dividend distribution decisions. The distribution of dividends is carried out through a process of determination and approval from shareholders at the Annual General Meeting of Shareholders (AGMS). For the past five years, the Company has set a dividend payout ratio of 40%, except for the profit for the 2019 fiscal year which was paid in 2020 of 10% taking into account the Covid-19 pandemic. Dividends from profits for the 2021 financial year will be distributed taking into account expenditures for Capex in 2022 and settlement of long-term debt due in 2022 and carried out according to the approval of the 2022 AGMS. In accordance with OJK regulations, the Company is required to pay cash dividends to shareholders who are entitled to the most no later than 30 days after the announcement of the summary of the minutes of the GMS deciding the distribution of cash dividends.
Chronology of Dividend Distribution
The chronology of the distribution of the Company's dividends is as follows:
2023
| Description | Fiscal Year 2023 | Fiscal Year 2022 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 2,170,497 | 2,364,836 |
| Total Dividend (Rp Million) | 572,043 | 1,655,385 |
| Dividend Per Share (Rp) | 84.72 | 245.19 |
| Payout Ratio (%) | 26.36% | 70% |
| Announcement Date | 3 May 2024 | 18 April 2023 |
| Payment Date | 5 June 2024 | 17 May 2023 |
| Description | Fiscal Year 2022 | Fiscal Year 2021 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 2,364,836 | 2,021,190 |
| Total Dividend (Rp Million) | 1,655,385 | 1,024,000 |
| Dividend Per Share (Rp) | 245.19 | 172.6 |
| Payout Ratio (%) | 70% | 50.66% |
| Announcement Date | 18 April 2023 | 31 March 2022 |
| Payment Date | 17 May 2023 | 28 April 2022 |
| Description | Fiscal Year 2021 | Fiscal Year 2020 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 2,021,190 | 2,792,321 |
| Total Dividend (Rp Million) | 1,024,000 | 1,116,928 |
| Dividend Per Share (Rp) | 172.6 | 188.3 |
| Payout Ratio (%) | 50.66% | 40% |
| Announcement Date | 31 March 2022 | 29 March 2021 |
| Payment Date | 28 April 2022 | 29 April 2021 |
| Description | Fiscal Year 2020 | Fiscal Year 2019 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 2,792,321 | 2,392,151 |
| Total Dividend (Rp Million) | 1,116,928 | 239,215 |
| Dividend Per Share (Rp) | 188,30 | 40,34 |
| Payout Ratio (%) | 40% | 10% |
| Announcement Date | 29 March | March 2021 | 22 June | June 2020 |
| Payment Date | 29 April 2021 | 23 July | July 2020 |
| Description | Fiscal Year 2019 | Fiscal Year 2018 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 2,392,151 | 3,079,115 |
| Total Dividend (Rp Million) | 239,215 | 1,231,646 |
| Dividend Per Share (Rp) | 40.34 | 207.64 |
| Payout Ratio (%) | 10% | 40% |
| Announcement Date | 22 June | June 2020 | 22 May 2019 |
| Payment Date | 23 July | July 2020 | 21 June 2019 |
| Description | Fiscal Year 2018 | Fiscal Year 2017 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 3,079,115 | 1,620,995 |
| Total Dividend (Rp Million) | 1,231,646 | 805,678 |
| Dividend Per Share (Rp) | 207,64 | 135,83 |
| Payout Ratio (%) | 40% | 40% |
| Announcement Date | 22 May 2019 | 22 May 2018 |
| Payment Date | 21 June 2019 | 30 May 2018 |
| Indicator | Fiscal Year 2017 | Fiscal Year 2016 |
| Profit for the Year Attributable to Owners of the Parent Entity (Rp Million) | 1,620,995 | 4,521,596 |
| Total Dividend (Rp Million) | 805,678 | 1,808,640 |
| Dividend Per Share (Rp) | 135.83 | 304.92 |
| Payout Ratio (%) | 40% | 40% |
| Announcement Date | 22 May 2018 | 27 April 2017 |
| Payment Date | 30 May 2018 | 3 May 2017 |
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