Dividend Policy
The Company’s dividend policy is in accordance with the share prospectus and is decided based on the availability of cash after taking into account working capital requirements, loan and interest repayments, capital investment programs and after considering the Company’s retained earnings.
In the COW amendment, the Company is permitted to announce and pay dividends to shareholders in US dollars and other foreign currencies. In accordance with this regulation, dividends are paid to Indonesian shareholders in rupiah based on the US dollar exchange rate, and to foreign shareholders in US dollars.
Company’s Dividend Distribution for Past Years
| No |
Description |
2020 |
2019 |
2018 |
2017 |
2016 |
2015 |
2014 |
| 1 |
(Loss)/Profit for the Year (in million US$) |
82.8 |
57.4 |
60.5 |
(15.3) |
1.9 |
50.5 |
172.3 |
| 2 |
Dividend per Share (US$) |
| Interim |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
0.01007 |
| Final |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
| Total |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
0.01007 |
| 3 |
Payout Ratio |
N/A* |
N/A* |
N/A* |
N/A* |
N/A* |
0% |
58% |
*) N/A: There were no dividends declared and paid.