Medco Energi (MEDC) Distributes Total Dividends of US$ 70 Million from 2023 Profits

May 31, 2024, 07.25 AM | Reporter: Shifa Nur Fadila

ILUSTRASI. Nelayan melintasi tangki penyimpanan Medco Energy di Jakarta (5/2). PT Medco Energi International Tbk tidak berniat menambah produksi minyak tahun ini. Medco menargetkan, produksi minyak tahun ini sama dengan realisasi tahun lalu sekitar 60.000 barel oil ekuivalen per day. KONTAN/Muradi/05/02/2012

MEDCO ENERGI INTERNASIONAL - JAKARTA. PT Medco Energi Internasional Tbk, a leading energy company in Indonesia, has announced plans to distribute dividends from its 2023 fiscal year profits. The decision was approved at the Annual General Meeting of Shareholders (AGM) held on May 30, 2024. The company's stock symbol is MEDC.

According to MedcoEnergi's CEO, Hilmi Panigoro, the AGM approved a total dividend distribution of $70.04 million for the 2023 fiscal year. This represents a dividend payout ratio of 21.18% of the company's 2023 profits.

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Editor: Syamsul Azhar