JAKARTA. PT United Tractors Tbk (UNTR), a mining and heavy equipment trading company owned by Astra Group, distributed cash dividends of IDR 8.24 trillion or IDR 2,270 per share for fiscal year 2023.

"In accordance with the results of the Annual GMS on April 24, 2024," said Sara K. Loebis, Corporate Secretary of UNTR, in an information disclosure on the Indonesia Stock Exchange (IDX).

Previously, UNTR had distributed an interim dividend of IDR2.54 trillion or IDR701 per share for fiscal year 2023. So that the final dividend to be paid by the company is IDR 5.69 trillion or IDR 1,569 per share.

The final dividend will be paid to UNTR shareholders, whose names are recorded on the recording date on May 7, 2024. Furthermore, the final dividend payment is scheduled for May 22, 2024.

According to idnfinancials.com data, the amount of cash dividends per share distributed by UNTR for the 2023 financial year is lower than in 2022, where the company distributed cash dividends of IDR 7,003 per share. Meanwhile, the amount of cash dividends distributed by the company for the 2021 financial year was recorded at IDR 1,240 per share.

At the close of trading in the first session today, UNTR's share price closed up 120 points or 2.46% to IDR5,000 per share. Thus, the company's dividend yield is 45.4%.

UNTR's controlling shareholder is PT Astra International Tbk (ASII), with a shareholding of 59.50%. Public investors own 37.85% of shares, treasury stock 2.64%, and the rest is owned by a number of directors and commissioners of the company. (KR/LM)