Dividend

Dividend

Dividend Policy

The Company has a dividend policy that is in accordance with the stock prospectus. The dividend policy is decided based on the availability of cash after taking into account working capital requirements, loan repayments and interest and capital investment programs, and retained earnings.

In the amended CoW, the Company is permitted to announce and pay dividends to the shareholders, in US dollars and other foreign currencies. In accordance with this regulation, the Company pays dividends to Indonesian shareholders in rupiah based on the US dollar exchange rate, and foreign shareholders in US dollars.

Company’s Dividend Distribution for Past 5 Years

No Description 2018 2017 2016 2015 2014
1 (Loss)/Profit for the Year (in million US$) 60.5 (15.3) 1.9 50.5 172.3
2 Dividend per Share (US$)
Interim N/A* N/A* N/A* N/A* 0.01007
Final N/A* N/A* N/A* N/A* N/A*
Total N/A* N/A* N/A* N/A* 0.01007
3 Payout Ratio N/A* N/A* N/A* 0% 58%

*) N/A: There were no dividend declared and paid.

Company’s Dividend Payment dates for Past 5 Years

Year Dividend Declaration Date Payment Date Total Dividend
US$/share IDR/share
2018 N/A* N/A* N/A* 0 0
2017 N/A* N/A* N/A* 0 0
2016 N/A* N/A* N/A* 0 0
2015 N/A* N/A* N/A* 0 0
2014 14 Interim November 11 December 17 0.01007 123.81
13 Final    

*) N/A: There were no dividend declared and paid.

Source: PT Vale Indonesia Tbk 2018 Annual Report