JAKARTA – Shareholders of PT Bank OCBC NISP Tbk (NISP) agreed upon the dividend payout ratio of 40.4% for the fiscal year 2023, or equal to IDR 1.65 trillion, in today's (18/4) Annual General Meeting of Shareholders of NISP.

As informed by IDNFinancials before, until December 2023, NISP reported net profit surging 23% year-on-year (yoy) to IDR 4.09 trillion, following its net income growth of 13% yoy to IDR 9,911 trillion.

This IDR 1.65 trillion of dividend is projected to be allocated to nearly 23 billion of NISP's listed shares (22,945,296,972), thus bringing the dividend per share to IDR 72 per share.

For the record, this year's dividend is NISP's highest in the past three years. Its dividend has consistently grown from year to year, from IDR 22 per share in 2022 to IDR 58 per share in 2023, and now, IDR 72 per share.

However, the detail regarding the distribution of the upcoming dividend has yet been made and announced. In addition to the dividend distribution plan, the shareholders' meeting also agreed upon the allocation of IDR 100 million as general reserves. (ZH)