JAKARTA. PT Indocement Tunggal Prakarsa Tbk (INTP), a cement manufacturer with the highest market capitalisation in Indonesia, will distribute cash dividend of IDR 308.79 billion or IDR 90 per share. 

Dani Handajani, Corporate Secretary of INTP, confirmed that said plan aligns with the result of the Annual General Meeting of Shareholders (AGMS) of the company that took place recently. In said meeting, the shareholders agreed upon the allocation of 15.8% of 2023 net profit as cash dividend.

"It is according to the result of AGMS on May 14, 2024," added Handajani in the information disclosure in Indonesia Stock Exchange (IDX). 

The remaining net profit of INTP will then be recorded as unrestricted retained earnings.

The cash dividends will be paid to INTP's shareholders whose names have been listed by the recording date on May 28, 2024. The payment is then scheduled to take place on June 14, 2024. 

Yesterday's (15/5) trading session saw INTP closed 25 points or 0.37% down lower to IDR 6,625 per share. The stock price has reportedly shrunk 2,800 points or 29.71% since the beginning of this year, or down 3,650 points or 35.52% in the past year. (KR/ZH)