Phapros (PEHA) will distribute dividends with a payout ratio of 70%

DIVIDEND DISTRIBUTION - JAKARTA. PT Phapros Tbk (PEHA) announced plans to pay dividends of Rp 92.6 billion or Rp 110.26 per share. The portion of dividends to be distributed is around 70% of PEHA's net profit in 2018 which reached Rp 133.29 billion.

This pharmaceutical company will pay dividends on April 17, 2019, with the cum date on March 22, 2019.

Panin Sekuritas analyst William Hartanto said PEHA shares would be dividend hunter investors favorite. The payout ratio that reaches 70% of net income is quite large.

He further said, investors who already have PEHA shares must hold until the end of the cum date trade. "If you have a long-term investment orientation, you can hold it longer," William said recently.

William recommends buying PEHA shares with a target price of Rp 2,500 per share until the end of the year. Last Friday (3/15), Phapros's share price rose 4.82% to Rp 2,390 per share.