Despite Plans to Distribute Dividends, Bank BCA Stock Price Falls
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At its Annual General Meeting of Shareholders (AGM) held in Jakarta on Thursday, March 17, PT Bank Central Asia Tbk (BBCA) decided to distribute a final dividend of Rp145 per share.
Payment of Bank BCA's final dividend is scheduled for April 19, 2022. However, this dividend distribution plan did not significantly impact BBCA's share price movement over the past week.
Bank BCA's share price actually closed down 0.32% to Rp7,900 per share on Wednesday, March 23, from the previous closing price.
Compared to its position at the AGM on Thursday, March 17, BBCA's share price also fell by 1.25%.
However, compared to its position at the end of 2021, Bank BCA's share price has increased by 8.25% (year-to-date/YTD).
Similarly, compared to its position on March 23, 2021, BCA shares have increased by 22.43% (year-on-year/YOY).
Previously, BCA had paid an interim dividend for the 2021 fiscal year of Rp25 per share, or a total of Rp3.08 trillion, on December 7, 2021. Therefore, the final dividend that BCA will pay to shareholders is Rp120 per share on April 19, 2022.
Throughout 2021, BCA recorded a net profit attributable to the parent entity of Rp31.42 trillion.
Of this amount, Rp17.9 trillion (56.9%) will be distributed to shareholders in the form of cash 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."