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%.
As in the previous years, the company is committed to pay a cash dividend every year to its shareholders. The 2017 AGMS approved a total dividend payment of US$101.1 million, equivalent to 30.2% of the 2016 fiscal year net profit of US$336 million.
On 19th December 2017, the BOD and the BOC decided and approved the resolution to distribute interim dividend of US$100 million for the fiscal year 2017. The interim dividend was paid to the shareholders on 13th January 2018. This distribution of interim dividend will be re-ported to the AGMS in 2018.
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% |