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CORPORATE ACTION - JAKARTA. PT Bank Danamon Indonesia Tbk (BDMN), a leading Indonesian lender, announced a dividend payout of IDR 1.23 trillion (approximately USD 84 million) to its shareholders, following approval at the Annual General Meeting on March 22, 2024.
The dividend translates to IDR 125.48 per share and represents a 35% payout ratio of the bank's net profit for the fiscal year 2023.
Danamon reported a net profit of IDR 3.5 trillion (approximately USD 241 million) for the year, reflecting a 6% increase from the previous year.
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This decision comes amidst positive performance for the bank. Bank Danamon has recorded good business growth.
The current share price of BDMN sits at IDR 2,980, resulting in a dividend yield of 4.21%.
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Key Dates for BDMN Dividend
- Cum-dividend date (regular and negotiation market): April 2, 2024
- Ex-dividend date (regular and negotiation market): April 3, 2024
- Cum-dividend date (cash market): April 4, 2024
- Ex-dividend date (cash market): April 5, 2024
- Recording date: April 4, 2024
- Dividend payment date: April 25, 2024
