Even Though The AGMS Was Postponed, Sido Appeared Still Committed To Dividends Above 85 Percent

Photo: Doc. Sido Muncul

JAKARTA - PT Industri Jamu Dan Farmasi Sido Muncul Tbk (SIDO) announced that it will hold an annual general meeting of shareholders (AGMS) on May 15, 2024 in Semarang, Central Java. Previously, the company's AGMS was planned to be held on April 3, 2024 but it was postponed.

"We hereby notify the company's shareholders that the company will hold an annual general meeting of shareholders on Wednesday, May 15, 2024 in Semarang," explained Sido Muncul's directors in the AGMS announcement, on Thursday, March 28.

Shareholders who are entitled to attend or be represented in the AGMS are shareholders whose names are recorded in the list of shareholders of the company and/or owner of the company's share balance in the securities sub-account in the collective deposit of PT Kustodian Sentral Efek Indonesia (KSEI) at the close of the company's stock trading on the Indonesia Stock Exchange on April 22, 2024 to 16.00 WIB.

Mata acara belum diumumkan karena pemanggilan AGMS baru akan dilakukan pada 16 April 2024. Namun pada AGMS tahun lalu, salah satu mata acara rapat adalah penetapan penggunaan laba bersih perseroan. Dividen final SIDO tahun lalu dibayar pada 28 April 2023 atau satu bulan setelah RUPST di 29 Maret 2023.

Previously, it was reported that Sido Muncul (SIDO) guaranteed to maintain the dividend payment ratio (dividend payout ratio) above 85 percent. This means that the producer of Tolak Angin has the potential to distribute dividends in the range of IDR 808 billion from the net profit for the 2023 financial year of IDR 950 billion.

INvestor Relations Manager of SIDO Stephanie Setiawan revealed that the company will maintain a dividend payout ratio of above 85 percent.

"So, for the 2023 financial year, we have distributed interim dividends in November 2023 amounting to Rp12.6 per share or around Rp370 billion with payout ratios in the range of 84-85 percent," said Stephanie at an event broadcast on Mirae Asset Sekuritas YouTube some time ago.

Meanwhile, for the final dividend, he continued, the company will decide in the annual general meeting of shareholders (AGMS).

According to Stephanie, the AGMS schedule was delayed because it was related to SIDO's internal administration which had to submit an annual sustainability report (annual sustainability report) before the AGMS.