BTN Gives Dividend Distribution Kisi-kisi For The 2024 Fiscal Year, Can It Be Higher?
JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) plans to distribute dividends for the 2024 financial year in 2025, with a payout ratio of 20 to 25 percent of this year's net profit to shareholders.
President Director of BTN Nixon LP Napitupulu explained that the provision of dividends for the 2024 financial year is based on the consideration of the capital adequacy ratio (CAR) of the bank.
"We will increase it with the government. But I'll just give myself 20 to 25 percent of the guidance," he said in a virtual press conference, Wednesday, August 28.
However, Nixon said that if the company needed more capital for credit expansion or other reasons, usually the average dividend payout ratio is at the level of 20 percent.
In addition, Nixon said to provide higher dividends to shareholders, the company is still trying to keep profits stable even though the cost of funds or cost of funds increases significantly by encouraging fee-based growth.
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For your information, PT Bank Tabungan Negara (Persero) Tbk at the Annual General Meeting of Shareholders (AGMS), decided to distribute 20 percent of the net profit for the 2023 financial year as dividends.
The issuer with the stock code BBTN distributed dividends worth IDR 700.19 billion or equivalent to IDR 49.9 per share. Meanwhile, IDR 2.8 trillion or 80 percent was designated as retained balances for the company's business development.