According to the company’s Article of Association, dividends may only be distributed in accordance with the company’s financial capability based on the decisions taken at the AGMS. The company will declare dividends with respect to: 1) The operating income, cash flow, capital adequacy and the financial condition of the company and its subsidiaries with regard to reaching optimum growth in the future; 2) The required fulfillment of reserve funds; 3) The company and its subsidiaries’ obligations based on agreements with third parties (including creditors); 4) Compliance with prevailing laws and regulations and AGMS approval.
Since IPO, Adaro have paid a total of USD965 million, with average payout ratio of 38%.
Dividend Distributions Since IPO
| Fiscal Year | Net Income | Total Dividend | Dividend Per Share | Dividend Payout Ratio |
|---|---|---|---|---|
| 2008 | IDR 887,198,605,378 | IDR 377,434,351,600 | IDR 11.80 | 42.54% |
| 2009 | IDR 4,367,251,806,020 | IDR 927,592,898,000 | IDR 29.00 | 21.24% |
| 2010 | IDR 2,207,312,362,331 | IDR 970,773,946,700 | IDR 30.35 | 43.98% |
| 2011 | USD 552,102,976 | $259,086,293 | USD 0.00810 | 47.08% |
| 2012 | USD 385,347,573 | $117,068,621 | USD 0.00366 | 30.38% |
| 2013 | USD 231,230,611 | $75,167,011 | USD 0.00235 | 32.51% |
| 2014 | USD 178,161,857 | $75,486,870 | USD 0.00236 | 42.37% |
| 2015 | USD 152,440,533 | $75,486,870 | USD 0.00236 | 49.52% |
| 2016 | USD 334,623,054 | $101,075,640 | USD 0.00316 | 30.21% |