JAKARTA. PT Bank BTPN Tbk (BTPN) has secured approval from Annual General Meeting of Shareholders regarding the plan to distribute cash dividend of IDR 471.66 billion, which will be taken out of its net profit of 2023.

This amount of cash dividend is equal to 20% of BTPN’s net profit in 2023. With said portion, the dividend per share clocks up to IDR 44.3.

The recording date, or the date in which the registered shareholders are deemed eligible to receive dividend from BTPN, is set to April 3, 2024. Meanwhile, the cash dividend is scheduled for disbursement on April 19, 2024.

According to IDNFinancials data, the dividend per share allocated by BTPN this time is smaller than the previous year. For the fiscal year 2022, the company set up dividend of IDR 76.85 per share, whereas in 2017 and 2016, BTPN even allocated IDR 100 per share.

As of now, 92.43% of BTPN is under the control of Sumitomo Mitsui Banking Corporation, while public investors only claimed 5.25% of the shares. PT Bank Central Asia Tbk (BBCA) owns another 1.02%, PT Bank Negara Indonesia (Persero) Tbk (BBNI) 0.15%, and the remainder belongs to boards of directors and commissioners. (KR/ZH)