Sido Appears To Be AGMS On May 15, Get Ready For Dividend Distribution

Photo: Doc. Antara

JAKARTA - PT Industri Jamu and Pharmacy Sido Muncul Tbk (SIDO) summoned an annual general meeting of shareholders (AGMS) for its investors. The meeting will be held on May 15, 2024 in Semarang starting at 10.00 WIB until it is finished.

"The company's directors hereby invite the company's shareholders to attend the company's annual general meeting of shareholders (AGMS)," explained the company's directors at the AGMS summons, quoted Tuesday, April 23.

One of the meeting agenda items is the determination of the use of the company's net profit for the financial year ending in 2023. In addition, there is an agenda for the approval meeting for changes to the composition of the company's management.

Previously, it was reported that Sido Muncul (SIDO) guaranteed to maintain the dividend payment ratio (dividend payout ratio) above 85 percent. If you take such payout benchmarks, the modern herbal issuer 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 the PT Mirae Asset Sekuritas Indonesia event, last Thursday, March 14.

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