PT Timah to Pay 35% Dividend After Two-Year Absence
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PT Timah Tbk announced it will distribute Rp455 billion in dividends this year. This dividend value represents 35% of the company's net profit in 2021, which amounted to Rp1.3 trillion.
This dividend distribution follows two previous years without dividend payouts by the TINS-coded issuer. PT Timah has 7.45 billion shares outstanding. This means the dividend value reaches Rp61.09 per share.
This dividend value is the largest since 2012. That year, PT Timah distributed dividends of Rp89.09 per share.
The dividend distribution announcement was made concurrently with other state-owned mining companies. PT Bukit Asam Tbk distributed Rp7.91 trillion in dividends, and PT Aneka Tambang Tbk distributed Rp930.87 billion in dividends.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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