JAKARTA - PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) dividends grew 33.33% to IDR 40 per share in the 2023 fiscal year from IDR 30 per share in the 2022 fiscal year. This growth is in line with the 21.77% increase in profits attributable to the parent entity in 2023.

In the minutes of the Annual General Meeting of Shareholders (AGMS) quoted on Thursday (20/6), Helina Widayani, Corporate Secretary of ULTJ said that the GMS approved the use of net profit for the 2023 financial year for cash dividends of IDR 415.9 billion. "Currently the number of shares placed and those entitled to receive dividends is 10.39 billion shares," he said.

Meanwhile, the remaining profit of IDR 770 billion was allocated as retained earnings whose use has not yet been determined.

Dividends will be paid on (19/7) to shareholders registered in the Register of Shareholders (DPS) as of (1/7). Cum and ex dividends in the regular market and negotiated market are scheduled for (27 and 28/6) and cum and ex dividends in the negotiated market are scheduled for (1 and 2/7).

In the 2023 financial year, this issuer will distribute dividends of IDR 311.9 billion from attributable net profit of IDR 960.78 billion. Retained earnings balance IDR 6.86 trillion and total equity IDR 5.82 trillion. (LK/LM)