JAKARTA – PT Ciputra Development Tbk (CTRA) will allocate cash dividend of IDR 389 billion for the fiscal year 2023, up from IDR 278.35 billion in FY 2022. The dividend payment is scheduled to take place on July 19, 2024.

The dividend will then be disbursed to owners of 18.5 billion shares listed as of May 2024, which have been named under the Official Register of Shareholders by the recording date on July 1, 2024. Therefore, the dividend per share is equal to IDR 21.

According to IDNFinancials data, compared to FY 2022, the dividend per share increases 40% from IDR 15 per share in FY 2022.

Total dividend for FY 2023, of IDR 389 billion, is equal to 20.55% of total net profit attributable to the parent company in 2023 of IDR 1.85 trillion.

This dividend payout ratio reportedly grew from the ratio set in FY 2022 of 15%, although its net profit slipped 0.88% yoy in 2023.

It is worth mentioning that with the stock price of IDR 1,100 per share until 3.20 WIB today (19/6), the indication of dividend yield of CTRA reaches 2%. (ZH)