Bank Mandiri's Dividend per Share Soars in 2023, Totaling Rp24.7 Trillion

State-owned enterprise (SOE) bank, PT Bank Mandiri (Persero) Tbk, distributed a cash dividend of Rp24.7 trillion to its shareholders. This amounts to a dividend of Rp529.34 per share.

The dividend is derived from 60% of the consolidated net profit attributable to the parent entity in 2022.

According to Katadata, the Bank Mandiri dividend per share increased by 46.8% compared to the previous period, which was Rp360.64 per share in 2022.

This is also the highest value since the bank, with the stock code BMRI, conducted its initial public offering (IPO).

Bank Mandiri's President Director, Darmawan Junaidi, explained that from this amount, a dividend of Rp12.84 trillion will be deposited into the State General Revenue Account, representing the government's 52% ownership stake in Bank Mandiri. This represents a 46.7% increase from the previous year.

Meanwhile, 40% of last year's consolidated net profit, or Rp16.46 trillion, will be allocated as retained earnings.

Bank Mandiri's total net profit for the 2022 fiscal year was recorded at Rp41.17 trillion. This achievement is up 46.89% compared to the same period the previous year.

(See also: Almost Reaching Rp2 Quadrillion, Bank Mandiri's Assets Again Surpass BRI in 2022)