Indofood will distribute dividends to shareholders

CORPORATE ACTION - JAKARTA. PT Indofood Sukses Makmur Tbk (INDF) informs the schedule of interim dividend distribution for INDF shares. The issuer will distribute an interim dividend of Rp 65 per share with a total value of Rp 570.72 billion.

Citing information disclosure in the Indonesian Central Securities Depository (KSEI), cum dividends or the last date of INDF stock trading with dividend rights in the regular market and negotiations is on November 5, 2018. Ex-dividend date in the regular market and negotiations is on November 6, 2018.

INDF will carry out cum dividends in the cash market on November 8, 2018. On the same date, the issuer will also register the list of shareholders entitled to receive dividends or recording dates. On November 9, 2018, the issuer will hold ex-dividends in the cash market.

Furthermore, shareholders will receive interim dividend payments on 29 November 2018.

On Friday (2/11), at 09.45 WIB INDF shares were at the level of Rp 5.9,000 per share. If investors buy shares at that price, then the potential dividend yield is around 3.11%. (Translator: Barratut Taqiyyah Rafie)