Pelindo's Subsidiary Wants To Distribute Dividends Of IDR 42.04 Billion, Shareholders Can Get A Dividend Yield Of 3.67 Percent

JAKARTA - A member of the Pelindo Group, PT Indonesia Vehicle Terminal Tbk (IPCC) has received approval to distribute dividends from its net profit in 2021. The value is IDR 42.04 billion.

This amount represents 70 percent of the 2021 net profit which reached Rp60.06 billion. This amount is also equivalent to Rp. 23.12 per share.

The number of shares that will be taken into account in the distribution of dividends is 1.82 billion shares.

In a statement, quoted on Wednesday, July 6, IPCC management reminded market participants to pay close attention to important dividend distribution dates so they don't miss out.

Here are the details:

Cum Date Dividend in Regular and Negotiated Market: 8 July 2022

Ex Date of Dividends in the Regular and Negotiated Market: 11 July 2022

Cum Date Dividend in Cash Market: 12 July 2022 which is also a Recording Date

Ex Date of Dividend in Cash Market: 13 July 2022

Dividend Payment Date: August 3, 2022

Management explained that assuming the IPCC Vehicle Terminal share price is Rp. 630, the dividend yield that can be enjoyed by shareholders is 3.67 percent.

As additional information, in addition to preparing dividends, the company also set aside a profit of Rp. 2 billion or 3.33 percent for mandatory reserves in compliance with Article 70 paragraph 1 of Law no. 40 of 2007 concerning Limited Liability Companies.

While the remaining Rp16.02 billion or the equivalent of 26.67 percent will be used as the Company's retained earnings.