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