Matahari Department Store Brings Good News, This Company Owned By Conglomerate Mochtar Riady Wants To Divide Interim Dividend Of Rp100 Per Share

Matahari Department Store outlet, (Photo: Doc. Lippo Mall Kuta)

JAKARTA - Retail company PT Matahari Department Store Tbk (LPPF) will distribute an interim dividend of Rp100 per share for the 2021 financial year.

Quoting the company's official statement, the Legal Director and Corporate Secretary of Matahari Miranti Hadisusilo wrote that the distribution of the Interim Dividend will not exceed the net profit of the Company's Consolidated Financial Statements as of June 30, 2021 (unaudited) which is the reference for the distribution of the Interim Dividend.

Previously, in conjunction with the release of the third quarter 2021 financial report, the company announced that the Board of Commissioners had revised its dividend policy.

"The Board of Commissioners has revised the dividend policy, by setting a payout ratio of 50 percent or more of net income to be distributed in the form of interim dividends and final dividends," wrote Matahari Dept Store management, Thursday, November 4.

The company also plans to distribute an interim dividend of Rp100 per share on December 2, 2021, based on clearer visibility of the company's recovery as well as strong balance sheets and flows.

The interim dividend will be distributed to the shareholders of the company whose names are recorded in the Register of Shareholders of the Company on 12 November 2021 until 16.00 WIB (listing date).

Meanwhile, LPPF's interim dividend distribution schedule is as follows:

- Cum dividend in regular market and negotiated market: 10 November 2021

- Ex dividend on regular market and negotiated market: 11 November 2021

- Cum dividend on cash market: 12 November 2021

- Ex dividend on cash market: 15 November 2021

- Deadline for listing in shareholder register: 12 November 2021

- Payment of interim dividend: December 2, 2021

For information, in the third quarter of 2021, Matahari Dept Store recorded a net income of IDR 4.08 trillion. This number increased to 22.72 percent when compared to the record in the same period in the previous year of Rp. 3.33 trillion.

Meanwhile, the company managed to turn a profit by posting a profit attributable to the owners of the parent company of IDR 438.69 billion, while in the third quarter of 2020 it lost IDR 616.61 billion.