Telkom Announces Largest Dividend for Fiscal Year 2016

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26/04/2017 18:20 WIB

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Large Companies Distributing Dividends Exceeding Rp 1 Trillion in 2016

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Large Companies Distributing Dividends Exceeding Rp 1 Trillion in 2016

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PT Telekomunikasi Indonesia (Persero) Tbk distributed a dividend of Rp 13.55 trillion to its shareholders for the 2016 fiscal year. This is the largest dividend distribution compared to other issuers listed on the Indonesia Stock Exchange.

The PT Telkom Annual General Meeting of Shareholders held in Jakarta on April 21st approved a dividend distribution of Rp 13.55 trillion, representing 70 percent of the 2016 net profit of Rp 19.35 trillion. Sixty percent, or Rp 11.61 trillion, is in the form of cash dividends (including an interim dividend of Rp 1.92 trillion). An additional 10 percent, or Rp 1.94 trillion, is a special dividend. The interim dividend was distributed on December 27, 2016, while the special dividend is scheduled to be paid on May 26, 2017.

PT Bank Rakyat Indonesia Tbk was the second-largest dividend payer, distributing Rp 10.47 trillion, or 40 percent of its 2016 net profit of Rp 26.23 trillion. Bank Mandiri followed, distributing Rp 6.2 trillion, or 45 percent of its net profit of Rp 13.8 trillion.

"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."