JAKARTA – Indonesia’s four major state-owned banks—PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI), and PT Bank Tabungan Negara (Persero) Tbk (BBTN)—have released their dividend distribution schedules and details for the 2024 financial year.

Among these four state-owned banks, BMRI offers the highest dividend per share at IDR 466.2, followed by BBNI at IDR 374.1 per share.

BBRI has allocated a total cash dividend of IDR 343.4 per share. However, as the only bank among the four that distributed an interim dividend, BBRI will pay out only IDR 208.4 per share in April, having already disbursed IDR 135 per share in January.

BBTN ranks last, with a cash dividend allocation of IDR 53.5 per share.

On the other hand, according to IDNFinancials.com, in terms of dividend payout ratio, BBRI leads with a dividend payout of 85% of its 2024 net profit.

BMRI follows in second place, with a payout ratio of 78%, while BBNI and BBTN allocate 65% and 25% of their net profits to dividends, respectively.

Additionally, indicative dividend yield is a crucial factor for investors. In this category, BMRI comes out on top, followed by BBNI.

Based on the closing price of IDR 5,200 on Thursday, March 27, 2025, BMRI's indicative dividend yield stands at 8.97%. BBNI follows closely, with an estimated yield of 8.82%, based on its closing price of IDR 4,240 on the same day.

BBRI’s indicative dividend yield reaches 8.48% when considering the total cash dividend allocation. However, if based solely on the IDR 208.4 per share to be distributed in April, the yield is only 5.15%, given its closing price of IDR 4,050 on Thursday (27/3).

BBTN ranks last, with an indicative dividend yield of 6.05%, based on its closing price of IDR 885 on Thursday (27/3).

It is important to note that the recording date for BBRI shareholders is set for April 14, 2025, followed by BMRI on April 15, 2025, and BBNI and BBTN on April 16, 2025.

BBRI and BMRI have scheduled dividend payments for April 23 2025, while BBNI and BBTN will distribute their dividends on April 25. (ZH)