JAKARTA – PT Ace Oldfields Tbk (KUAS) has announced plans to distribute its first-ever interim dividend for the 2024 fiscal year, amounting to IDR 1.94 billion, or IDR 1.5 per share.

The interim dividend will be given to shareholders registered by 4 PM on January 13, 2025, with the payment scheduled for January 24.

This marks the first time KUAS is distributing an interim dividend since its debut on the Indonesia Stock Exchange (IDX) on October 25, 2021.

KUAS's net profit attributable to the parent entity did see a slight increase of 2.41% year-on-year (yoy) to IDR 3.73 billion as of September 2024. However, the payout ratio for this interim dividend is notably high at 52%.

Additionally, the company has retained earnings of IDR 23.38 billion and total equity of IDR 156.95 billion.

Management has set the cum and ex-dividend dates for the regular and negotiated markets on January 9 and 10, 2025, followed by the cum and ex-dividend dates for the cash market on January 13 and 14, 2025.

As of 2.30 PM on December 30, 2024, KUAS shares remain relatively flat at IDR 53 per share, giving an indicated dividend yield of just 2.8%. (ZH)