JAKARTA. PT Panin Sekuritas Tbk (PANS), a security company of PT Bank Pan Indonesia Tbk (PNBN), plans a cash dividend distribution worth IDR 128.05 billion or IDR 180 per share.

Pratama Nugraha, Corporate Secretary of PANS, mentioned that the cash dividend allocation is equal to 98.19% of 2023 net profit. “It goes in accordance with the result of Annual GMS on June 21, 2024,” he added in the information disclosure in Indonesia Stock Exchange (IDX).

The cash dividend will be given to PANS’s shareholders whose names have been listed by the recording date on July 3, 2024. The cash dividend payment is due July 18, 2024.

According to IDNFinancials data, PANS scored net profit of IDR 130.42 billion in 2023. At the end of last year, it still recorded unrestricted retained earnings of IDR 1.43 trillion, while its equity clocked up to IDR 1.57 trillion.

Until 10.28 AM WIB today (26/6), PANS was seen climbing 25 points or 1.43% to IDR 1,775 per share. The company’s stock price, since the beginning of this year, has actually shifted 135 points or 8.23% upwards, but down 155 points or 8.03% instead within the past year.

Approximately 30% of PANS’s shares are under the control of PT Patria Nusa Adamas. PNBN claims another 29%, while public investors share 39.18%. The remaining 1.19% are stored as treasury stock (KR/ZH)