Astra International Will Distribute Jumbo Dividends, Check The Amount Here!

Share illustration (Photo: Doc. Antara)

JAKARTA - PT Astra International Tbk (ASII) will submit a dividend distribution agreement of IDR 552 per share.

Citing the disclosure of information, Tuesday, February 28, this submission will be made at the 2022 annual general meeting of shareholders (AGMS) which will be held in April 2023.

The Company's Board of Directors plans to propose a higher final dividend, which is IDR 552 per share. The final dividend to be proposed is, along with an interim dividend of IDR 88 per share which has been distributed in October 2022.

"It will make the total dividends to be proposed for 2022 to be IDR 640 per share," the statement quoted.

The Board of Directors' proposal for a higher final dividend is based on the high price of coal in 2022, which has never happened before. This allows the Company's subsidiary, PT United Tractors Tbk, to propose to the Annual General Meeting of Shareholders of PT United Tractors Tbk the distribution of higher dividends.

It should be noted that certainty regarding the amount of dividends to be distributed will still be subject to approval from the Company's Annual General Meeting of Shareholders.

The Company's consolidated capital expenditure and investment for 2022 is IDR 26.4 trillion, double the previous year.

In the future, the Company plans to continue to invest significant capital in Indonesia in line with the Company's strategic priorities, through organic growth and acquisition. The Company remains confident in its long-term growth potential and strong balance sheet, so as to return some capital resources to shareholders.