JAKARTA - PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) was included in the High Dividend Index52 category at the launch of Index52 in Jakarta last weekend (23/6). This issuer distributes dividends with a yield of around 7.52% per year in five years.

Index52 consists of 52 constituents representing a number of industries listed on the Indonesia Stock Exchange (IDX). The financial sector is the largest contributor to the index, followed by the mining and mineral resources, road infrastructure and telecommunications, consumer goods, pharmaceuticals and manufacturing sectors.

A number of criteria in the preparation of the Index52 include market capitalization (market cap), 7.5% free float, frequency and volume of shares traded, number of investors, and the Initial Public Offering (IPO) period before 2019.

Index52 has four categories, namely Main Index, High Dividend, High Growth, and Big Market Cap. Constituents in this index are selected based on their record of financial statement performance in five years.

On (12/5), this BPD issuer distributed a total dividend of IDR 797.17 billion or IDR 53.09 per share from profits for the 2022 fiscal year. Net profit attributable to parent entity IDR 1.54 trillion, retained earnings balance IDR 5 .04 trillion, and a total equity of IDR 11.44 trillion. (/LM)