JAKARTA. PT Triputra Agro Persada Tbk (TAPG), an agricultural product manufacturer, officially enters the list of constituents of Indeks Tempo-IDNFinancials 52 (Indeks52) under the category of High Dividend.

The appreciation is given to TAPG during Malam Apresiasi Emiten Indeks52, which is held in Balikpapan on July 26, 2024. This event is hosted by Tempo-IDNFinancials, along with the annual evaluation of Indeks52.

TAPG is listed as a constituent of High Dividend category due to its regular dividend distribution within the past 4 years. For fiscal year (FY) 2023, the company allocated cash dividend of IDR 91 per share, or a total of IDR 1.8 trillion.

Said dividend allocation boosts dividend yield of TAPG to 16%, whereas inthe past 4 years, its average dividend yield was reported at 7.21%.

The market capitalisation of TAPG is recorded at IDR 11.61 trillion as of July 23, 2024 It allows the company to arrive at the top 5 market cap for agriculture product companies listed on Indonesia Stock Exchange (IDX). (KR/ZH)