Ace Hardware, Conglomerate Kuncoro Wibowo's Company Will Distribute Dividends Of Rp549 Billion, When Is It Distributed?

Illustration. (Photo: Doc. Ace Hardware)

JAKARTA - The household goods retail company, PT Ace Hardware Indonesia Tbk (ACES), will pay dividends to its shareholders, amounting to Rp32.15 per share.

The proposal became one of the agendas discussed in the Annual General Meeting of Shareholders (AGMS) and the Extraordinary General Meeting of Shareholders (EGMS) of conglomerate Kuncoro Wibowo company on Wednesday, June 9, 2021.

"The amount is equivalent to 75 percent of ACES' net profit in 2020," said The Director of Ace Hardware, quoted from Ace Hardware information disclosure on the Indonesia Stock Exchange (IDX) page, Monday, May 24.

For information, throughout 2020, ACES pocketed a profit for the current year attributable to owners of the parent entity of up to Rp733.2 billion.

This means that the dividend to be distributed to ACES shareholders is Rp549 billion. The dividend payout ratio (DPR) of ACES in 2020 is higher than in previous years.

In 2019, ACES distributed a dividend of 30.17 percent with a dividend per share (DPS) of Rp18.1. Meanwhile, in 2018, ACES recorded dpr up to 50.45 percent with a DPS of Rp28.25.

In addition to the proposed dividend payment, the shareholders' meeting will also decide on changes to the composition of the company's board members. The meeting will discuss the nomination of Hartanto Djasman as commissioner and Mathius Salempang as independent commissioner.

The meeting will also discuss the nomination of Gregory Sugyono Widjaja, Dewi Triana Saleh, and Suharno Tan as Directors.

Some names will resign, namely Ijek Widyakrisnadi as commissioner, and Hartanto Djasman and Nana Puspa Dewi as directors.

Ace Hardware is a company that sells retail (retail) items for household and lifestyle needs. The company is owned by businessman Kuncoro Wibowo, the 14th richest person in Indonesia by Forbes as of December 2020.

Kuncoro Wibowo is said to have a fortune of 1.75 billion US dollars. If broken, Kuncoro has assets worth Rp25 trillion.