JAKARTA – PT Bank Mandiri (Persero) Tbk (BMRI) allocated a larger dividend for the 2024 financial year, totalling IDR 55.78 trillion or IDR 477.18 per share.

BMRI’s dividend per share for 2024 represents a 31.7% increase from 2023, when the company distributed IDR 353.96 per share.

However, BMRI’s 2024 dividend allocation has yet to surpass its highest distribution recorded in 2022, when the bank provided a five-year high dividend of IDR 529.34 per share.

The dividend allocation from the 2024 net profit was approved by BMRI shareholders during the meeting held on Tuesday (25/3).

In addition to approving the dividend, shareholders also designated the remaining 2024 net profit as retained earnings.

Moreover, BMRI underwent a board reshuffle. As reported by IDNFinancials.com, this included the replacement of Chatib Basri as Chair by former Pegadaian CEO, Kuswiyoto.

As of 10.53 AM WIB today, BMRI’s share price surged 7.07% to IDR 5,075 per share, though it remains down 13.25% year-to-date. (KR/ZH)