Gudang Garam, Owned By Conglomerate Susilo Wonowidjojo, Prepares Dividends Of Rp5 Trillion, Check Out The Distribution Schedule

Gudang Garam Building in Kediri, East Java. (Photo: Doc. Wikimedia Commons)

JAKARTA - Cigarette company PT Gudang Garam Tbk has prepared dividends to its shareholders worth IDR 5 trillion from the profit for the 2020 fiscal year. The decision was the result of the General Meeting of Shareholders (GMS) of the issuer codenamed GGRM on Thursday, July 8.

"The Rp5 trillion dividend is equivalent to Rp2,600 per share. Undistributed profits will be included in the retained earnings account and additional working capital," said Gudang Garam Corporate Secretary Heru Budiman in information disclosure on the Indonesia Stock Exchange website, quoted Tuesday, July 13.

The company owned by conglomerate Susilo Wonowidjojo has also prepared a schedule for dividend distribution for the 2020 fiscal year. The end of the stock trading period with dividend rights in the regular market and negotiations on July 16, 2021, and the cash market on July 21, 2021.

Beginning of stock trading without dividend rights (ex-dividend) on July 19, 2021, and cash market on July 22, 2021. List of shareholders entitled to dividends on July 21, 2021.

"The dividend payment date is July 29, 2021," said Heru.

For information, Gudang Garam recorded revenue growth to Rp114.47 trillion, an increase of Rp3.95 trillion, or up 3.57 percent from revenue in 2019 which was Rp110.52 trillion.

Profit attributable to owners of the parent entity reached Rp7.64 trillion in 2020, down 29.19 percent from net profit in the previous year of Rp10.88 trillion.