Amar Bank Distributes IDR 55 Billion Dividend, Check Out The Distribution Schedule

Rupiah (Photo: Antara)

PT Bank Amar Indonesia Tbk (AMAR) announced a cash dividend distribution schedule of IDR 55 billion or equivalent to a dividend payout ratio of 31 percent of the company's net profit in 2023 of IDR 177.9 billion.

This announcement was made based on the decision of the 2024 Annual General Meeting of Shareholders (GMS) Amar Bank which was held on Wednesday, May 29, 2024.

Amar Bank President Director Vishal Tulsian said the company would distribute dividends of IDR 3.03 per share to shareholders who have the right to receive cash dividends.

Cash dividend payments are paid to shareholders whose names are recorded in the Company's Register of Shareholders entitled to cash dividends, with cum dividends in the regular market and negotiations carried out no later than Thursday, June 6, 2024.

"As a pioneer of digital banking, we are proud that Amar Bank will be the first digital bank to distribute dividends in 2024," said Vishal, Wednesday, June 5.

According to Vishal, this dividend distribution is also a form of commitment to investors and shareholders, over Amar Bank's confidence to continue to grow in the future.

Furthermore, the following is the schedule for distributing cash dividends for the 2023 financial year which has been published through the company's website and the website of the Indonesia Stock Exchange.:

Cum Dividend in Regular and Negotiated Market: 6 June 2024Ex Dividend in Regular and Negotiated Market: 7 June 2024Cum Dividend in Cash Market: 10 June 2024Ex Dividend in Cash Market: 11 June 2024 Recording Date List of Shareholders Right to Cash Dividend: 10 June 2024 Cash Dividend Distribution: 28 June 2024

The company managed to continue to disburse loans with a total of IDR 2.74 trillion during the first quarter of 2024, with 52 percent of these loans aimed at MSMEs.

This performance reflects the increasingly widespread Amar Bank business segment, especially since the average fintech lending industry loan to the productive sector only took a portion of 33.61 percent of total fintech lending financing in March 2024 based on OJK data.