JAKARTA. PT Indo Tambangraya Megah Tbk (ITMG), a coal mine and renewable energy company, has gained approval from Annual General Meeting of Shareholders (AGMS) to allocate final dividend of USD 125.94 million, which will be taken out of its net profit in 2023.

In the meeting held a couple of days ago, shareholders of ITMG agreed upon the dividend per share of IDR 1,747, which aligns with JISDOR of Bank Indonesia on February 28, 2024.

The final dividend will be disbursed to shareholders of ITMG whose names are listed by the recording date on April 18, 2024. Meanwhile, the final dividend will be paid on April 25, 2024.

According to IDNFinancials data, ITMG had previously set up interim dividend of USD 199.27 million on September 22, 2023. The interim dividend agreed upon by the current management at that time was IDR 2,666 per share.

Therefore, the total cash dividend of ITMG for its shareholders amounts to USD 325.21 million, or IDR 4,407 per share, which is equal to 64.99% of its net profit in 2023.

For the record, ITMG booked net profit of USD 500.33 million in 2023. After setting up cash dividend, ITMG’s shareholders also approved the allocation of the remaining net profit in 2023 as retained earnings in order to promote ITMG’s business development. (KR/ZH)