Sido Muncul Bringing Good News To Distribute IDR1.1 Trillion Dividend

Director of Sido Muncul, Irwan Hidayat. (Photo: Doc. Sido Appears)

JAKARTA - PT Industri Jamu Dan Pharmacy Sido Muncul Tbk (SIDO) plans to distribute dividends to its shareholders. The plan was approved at the General Meeting of Shareholders (GMS) which was held today, Wednesday 30 March.

In the report on the results of the GMS, the Corporate Secretary of SIDO, Tiur Simamora said, the shareholders have approved and accepted the Company's Annual Report for the financial year ending on December 31, 2021, including the Board of Directors Report and the Supervisory Report of the Company's Board of Commissioners.

The meeting has also approved the determination of the use of the company's net profit for the 2021 Fiscal Year through the distribution of cash dividends to shareholders of IDR 1.136.484.393.540.00 (IDR 1.1 trillion) or approximately IDR 38.00 per share with a payout ratio of 90 percent of the company's net profit for 2021.

Tiur detailed that IDR 15.30 per share or a total of IDR 455.484.393.540.00 was distributed to shareholders as cash interim dividends on August 27, 2021, in accordance with the Decision of the Board of Directors Meeting on August 4, 2021, which was submitted to Financial Services Authority (OJK) through letter number 030/SM-DIR/OJK/VIII/2021 on August 6, 2021. While the remaining IDR 22.70 per share or a total of IDR 681 billion which will be distributed in the form of cash dividends.

"The plan is that the remaining cash dividend will be paid on April 28, 2022," said Tiur.

The Cum and Ex Dividends in the Regular and Negotiated Market will be held on April 7 and 8, 2022. Meanwhile, Cum and Ex Dividends in the Cash Market will be held on April 11 and 12, 2022. For the Recording Date of those entitled to Cash Dividends (DPS) on April 11, 2022.