JAKARTA - PT Indo Tambangraya Megah Tbk (ITMG) plans to distribute dividends with a dividend payout ratio (DPR) of between 60%-70% of its 2024 fiinancial year profit.

The decision will be announced after the company's Annual General Meeting of Shareholders (AGMS) scheduled for 9 April 2025, which will discuss several agendas, including changes to the board of directors and the determination of dividends.

The 2024 dividend is a major concern for shareholders, given that ITMG is known as one of the most generous issuers in distributing dividends.

Previously, the company paid an interim dividend for the first quarter of 2024 of IDR1,228 per share on 25 September 2024.

Yulius Kurniawan Gozali, Director of ITMG, stated that although the dividend payout ratio will be decided by the main shareholder, Banpu Minerals (Singapore) Pte Ltd, based on the company's performance in the second quarter of 2024, the company hopes to pay a more attractive dividend.

‘ITMG's performance in the second quarter of 2024 was much better, even double that of the first quarter of 2024. We hope that the dividends distributed can be more attractive to shareholders,’ he said. (DK/LM)