JAKARTA – PT Metrodata Electronics Tbk (MTDL), digital and IT solution provider under Ciputra Group, increases its dividend allocation for FY 2023 to a total of IDR 257.8 billion, increasing approximately 45% from dividend allocation of FY 2022.

As is known, MTDL reported net profit attributable to the parent entity of IDR 650.8 billion in 2023, or increasing 12.1% year-on-year (yoy) from IDR 580 billion in 2022.

In line with its profit surge, according to the decision made during the AGMS of MTDL today (3/6), the management will allocate nearly 40% of its 2024 net profit as cash dividend, or IDR 257.8 billion.

With total listed shares of 12.3 billion, the dividend per share reaches IDR 21. “This is the highest amount of dividend in the history of Metrodata’s operation,” claimed Randy Kartadinata, Director of MTDL, during Annual Public Expose 2024 of MTDL today (3/6).

Last year, MTDL distributed dividend of IDR 178 billion or IDR 14.5 per share. According to IDNFinancials data, within the past 5 years, the amount and ratio of dividend have consistently increased.

“Along with our increasing profit, we keep trying to increase dividend payout ratio. From 2019, which had the ratio of 29.31%, it has continued to increase to nearly 40%,” said Kartadinata.

It is worth mentioning that the dividend payout ratio of MTDL is said to only reach 20-30% of net profit each year, according to the issued prospectus. “Special for this year, it goes to nearly 40%,” said Susanto Djaja, President Director of MTDL.

According to MTDL’s stock price today, as of 2 PM WIB, of IDR 560 per share, the dividend yield reaches 3.75%. (ZH)