JAKARTA – Annual General Meeting of Shareholders of PT Pudjiadi Prestige Tbk (PUDP) approved the plan of dividend distribution of IDR 10 per share for the fiscal year (FY) 2023.

According to the press release quoted today (6/6), the management of PUDP plans to distribute dividend of IDR 3.3 billion to the holder of 329,560,000 listed shares on next June 27, 2024.

With net profit attributable to the parent entity reaching only IDR 366,788,073 in FY 2023, PUDP must use its retained earnings for dividend.

“[Dividend] will use up the entire net profit of FY 2023, after allocating general reserves, plus our unrestricted retained earnings,” said the management in the press release quoted today (6/6).

This amount decreases 95% from the dividend of IDR 200 per share allocated in FY 2022, in line with the massive downturn of its net profit by up to nearly 100% yoy.

With the price reaching IDR 412 per share at the closing bell today (6/6), the indication of dividend yield of PUDP reaches 2.42%. (ZH)