JAKARTA – PT Prodia Widyahusada Tbk (PRDA) has indicated an attractive dividend policy for investors in the 2024 fiscal year.

According to data from IDNFinancials, since the 2020 fiscal year, PRDA has consistently set its dividend payout ratio (DPR) at around 60%. For 2024, the company is optimistic about offering an improved ratio to its shareholders.

Dewi Muliaty, President Director of PRDA, emphasised that the dividend policy is not solely dependent on financial performance fluctuations but also considers the company’s future growth prospects.

“The [payout ratio] consideration is not just [because] financial performance is down, so dividends are limited; I don’t think so,” Dewi said during the Prodia Connect event in Menteng, Jakarta, on Tuesday (18/2).

Furthermore, Dewi added that the final decision on dividends will remain in the hands of the main shareholders and will be finalised at the General Meeting of Shareholders (GMS). Currently, the majority of PRDA’s shares are controlled by PT Prodia Utama, with a 57% stake.

As a reference, for the 2023 fiscal year, PRDA distributed a cash dividend of IDR 155.6 billion, equivalent to 60% of its total net profit of IDR 259.3 billion.

In terms of financial performance, by the third quarter of 2024, PRDA’s net profit had decreased by 17.51% year-on-year (yoy) to IDR 194.39 billion. However, management remains confident in the company’s positive growth outlook. (EF/ZH)