JAKARTA. PT Asuransi Tugu Pratama Indonesia Tbk (TUGU), an insurance company owned by PT Pertamina (Persero), announces its cash dividend distribution plan of IDR 138.86 billion.

Emil Hakim, Corporate Secretary of TUGU, claimed that said plan aligns with the result of the Annual General Shareholders Meeting held back on April 28, 2023. In said meeting, TUGU’s shareholders agreed to allocate 40% of 2022 net profit as cash dividend.

The dividend will be channelled out to TUGU’s shareholders that have been officially listed by the recording date on May 11, 2023. The dividend is scheduled to be disbursed on May 26, 2023. Each share will be granted dividend worth IDR 78.11.

According to IDNFinancials data, TUGU booked net profit of IDR 347.15 billion in the fiscal year 2022. The company also recorded retained earnings of IDR 208.29 billion, while total equity was worth IDR 9.17 trillion until December 31, 2022.

As of now, Pertamina controls 58.50% of TUGU’s shares, followed by UOB Kay Hian Pte Ltd of 20.36%, Samsung Fire & Marina Co Ltd of 5.29%, and public investors of 20.36%, while the small remaining portion belongs to the company’s directors. (KR/ZH)