Indo Tambangraya (ITMG) distributed dividends of US $ 35.5 million, this is the estimated yield

ILLUSTRATION. coal mining PT Indo Tambangraya Megah Tbk (ITMG).

Reporter: Akhmad Suryahadi | Editor: Anna Suci Perwitasari

KONTAN.CO.ID – JAKARTA. Shareholders of PT Indo Tambangraya Megah Tbk (ITMG) will be blessed. This happens because the coal mining issuer will distribute US $ 35.5 million as a final dividend.

This has also received the blessing and was decided in the annual general meeting of shareholders (AGMS) which was held today (6/4).

Just so you know, the final dividend is equivalent to a payment ratio of 90% of the current year’s profit attributable to the owners of the parent entity in the 2020 financial year, which reached US $ 39.5 million.

This final dividend is divided into US $ 22.8 million or the equivalent of Rp.307 per share which has been distributed to shareholders as an interim cash dividend on November 24, 2020, in accordance with the Board of Directors Resolution in lieu of the Meeting of the Board of Directors which became effective on 27 October 2020, after obtaining approval from the Board of Commissioners on 26 October 2020.

The remaining US $ 12.7 million, equivalent to Rp. 167 per share (based on Bank Indonesia’s middle rate dated March 26, 2021) will be distributed in the form of cash dividends to shareholders on April 29, 2021, with recording date 16 April 2021.

Also Read: Commodity prices are rising, see recommendations for shares of coal mining issuers

“The remaining net profit will be added to retained earnings to support the development of the company’s operations,” wrote the management ITMG in a statement received by Kontan.co.id, Tuesday (6/4).

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In today’s trading, stocks ITMG closed down 0.98% to the level of Rp 12,575 per share. With the current price assumption, then an estimate yield cash dividends generated ITMG by 1.32%.

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Reporter: Akhmad Suryahadi
Editor: Anna Suci Perwitasari

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