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Dividend Information

Returning Wealth to Our Shareholders

February 2, 2017, 9:37 pm | Admin

Adaro Energy has paid a regular cash dividend annually over the eight years since it was listed on the Indonesia Stock Exchange, with final dividends ranging between 21% and 49% of annual profits. We are committed to paying a cash dividend every year.

According to Adaro’s Articles of Association, if the company books a net profit, then Adaro may distribute dividends to its shareholders upon the recommendation of the Board of Directors after obtaining approval from the AGMS.

Adaro will declare dividends with respect to: 1) The operating income, cash flow, capital adequacy and the financial condition of Adaro and its subsidiaries with regard to reaching optimum growth in the future; 2) The required fulfilment of reserve funds; 3) Adaro and its subsidiaries’ obligations based on agreements with third parties (including creditors); 4) Compliance with prevailing laws and regulations and AGMS approval.

At the 2016 Adaro Energy AGMS on April 18, 2016, Adaro’s shareholders agreed to the company’s proposal to pay a final cash dividend of US$40.30 million for the 2015 fiscal year. Following an interim cash dividend payment of US$35.18 million made on January 15, 2016, the final dividend brings total dividends payable for the 2015 fiscal year to US$75,486,870, or 49.52% of the 2015 net profit.

The table below is last five year Adaro dividend payment.

Dividend Distributions Since IPO

No.

Dividend Type

FY

Dividend per Share

Conversion Rate

Total Dividend

Dividend Payout Ratio

1

Interim

2012

US$ 0.00130

Rp 9,333

US$ 41,581,750.60

 

30.38%

Interim

US$ 0.00110

Rp 9,685

US$ 35,184,558.20

Final

US$ 0.00126

Rp 9,811

US$ 40,302,312.12

2

Interim

2013

US$ 0.00125

Rp 12,242

US$ 39,982,452.50

32.51%

Final

US$ 0.00110

Rp 11,740

US$ 35,184,558.20

3

Interim

2014

US$ 0.00094

Rp 12,474

US$ 30,066,804.28

42.37%

Final

US$ 0.00142

Rp 13,040

US$ 45,420,066.04

4

Interim

2015

US$ 0.00110

Rp 13,898

US$ 35,184,558.20

49.52%

Final

US$ 0.00126

Rp 13,204

US$ 40,302,312.12

5

Interim

2016

US$ 0.0019

Rp 13,485

US$60,773,327.8

 

 

Last modified on March 1, 2017, 6:32 pm | 402