BRI Distributes Interim Dividends of IDR 12.7 Trillion
JAKARTA, Indonesia, Dec. 20, 2023 /PRNewswire/ -- PT Bank Rakyat Indonesia (BRI) Persero Tbk. (IDX: BBRI) has announced its plans to distribute interim dividends to BRI shareholders in early 2024. According to the disclosure issued by the company on December 19, 2023, BRI will allocate interim dividend totaling IDR 12.7 trillion, equivalent to IDR 84 per share. Out of this total amount, approximately IDR 6.8 trillion will be remitted to the government, while around IDR 5.9 trillion will be distributed to the public.
The distribution of interim dividends is a manifestation of BRI's commitment to providing primary economic value to its shareholders. With a solid capital management strategy and supported by initiatives, BRI is expected to be able to consistently create value and deliver optimal returns to its shareholders.
Furthermore, BRI has the potential to distribute a higher dividend payout ratio than the normal conditions. The company has already achieved this by paying 85% of the net profits for the years 2021 and 2022 to shareholders as dividends.
The high dividend ratio will not disrupt BRI's performance. This is because BRI has a strong capital base, with a Capital Adequacy Ratio (CAR) of 27.4 as of September 2023, well above the required capital adequacy ratio of approximately 17.5%.
"The company ensures that the distribution of this interim dividend does not disrupt BRI's capital, and on the other hand, all investment needs, such as IT investments, have been fulfilled, and reserves to cover various risks have been adequately provided," said Sunarso, President Director of BRI.
The timeline for the distribution of BRI's interim dividend shares is as follows:
Announcement of Schedule and Distribution Procedure of Interim Dividend: 19 December 2023
End of Trading Period Shares with Interim Dividend Rights (cum Dividend):
Regular Market and Negotiation: 29 December 2023
Cash Market: 3 January 2024
Trading Period without Interim Dividend Rights (ex-Dividend):
Regular Market and Negotiation: 2 January 2024
Cash Market: 4 January 2024
List of Shareholders entitled to Interim Dividend (recording date): 3 January 2024
Payment of Interim Dividend: 18 January 2024
More information about BRI can be accessed at www.bri.co.id
On April 25, 2024, CATL (SZ:300750) and Beijing Hyundai signed a strategic partnership agreement at Auto China 2024 to cooperate on Beijing Hyundai's EV projects and to power future Beijing Hyundai electric models with CATL batteries....
Sola Salons, the world's largest studio suites franchise for more than 20,000 independent beauty professionals, proudly announces the opening of its Southern Oregon location in Medford, Oregon. In 2004, Sola Salons was the first in the industry to...
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of bluebird bio, Inc. between April 24, 2023 and December 8, 2023, both dates inclusive (the "Class Period"), of the important May 28, 2024 lead plaintiff...
Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI: TSX-V; OF6A:FRA) announced that it has agreed to settle claims from a former executive by the payment of $120,000 over a period of 6 months, and by the issuance of 2,181,818 common shares...
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Plug Power Inc. between May 9, 2023 and January 16, 2024, both dates inclusive (the "Class Period"), of the important May 21, 2024 lead plaintiff deadline....
Flourishing Foundations Recovery has launched a new outpatient detox center in San Antonio, TX, aiming to help individuals tackle drug and alcohol addiction without pausing their daily lives. The new substance abuse treatment center ensures easy...