Matahari Department Store (LPPF) Distributes Dividends With a Yield of 10.69%

DIVIDEND DISTRIBUTION - JAKARTA. PT Matahari Department Store Tbk (LPPF) has announced plans to distribute dividends amounting to Rp 451.86 billion from last year's profits.

Shareholders of LPPF are set to receive a dividend of Rp 200 per share. With the current share price of LPPF standing at Rp 1.870 per share as of Friday (5/4), the dividend yield of Matahari Department Store is 10.69%.

The dividend payment by Matahari Department Store has been approved at the annual general meeting of shareholders held last Wednesday (3/4).

Read Also: BREN Overtakes BBRI, Market Capitalization Reaches Rp 926.47 Trillion

Here is the schedule for the LPPF dividend payment, according to information disclosed on the Indonesia Stock Exchange:

• Cum dividend in the regular market and negotiation market: April 19, 2024
• Ex dividend in the regular market and negotiation market: April 22, 2024
• Cum dividend in the cash market: April 23, 2024
• Ex dividend in the cash market: April 24, 2024
• Recording date: April 23, 2024
• Dividend payment: April 29, 2024

The payout ratio of Matahari Department Store's dividend is 66.91% of the 2023 profit, which reached Rp 675.36 billion.