Dividend Information

Dividend Policy

Danamon’s dividend policy has been approved by the BoC, BoD, and shareholders. The procedure of decision making for the Bank’s dividend policy is based on the organizational structure under which the BoD shall propose dividend distribution to the BoC. The proposal shall be based on the Bank’s performance during a certain period.

The proposal shall be presented to the General Meeting of Shareholders (AGMS) for approval on condition that the retained earnings are considered sufficient. Upon approval, the Annual General Meeting shall set the time and method of payment in accordance with the regulations of the Indonesia Stock Exchange (IDX), including the record date when shareholders are entitled to dividends or when the authority is given to the Board of Directors.

If approved by the BoD Meeting and Annual General Meeting, the Bank may pay interim dividends prior to the end of the fiscal year.

In addition, the Annual General Meeting is also authorized to determine the allocation of net profit (including dividend distribution and general reserve and mandatory), the remuneration of BoD and BoC (salary and the bonus), the appointment of public accountant, and the approval for financial statements. Prior to 2008, bonus was part of the allocation of net profit.

In addition to approval by the Annual General Meeting, the dividend policy shall take into account all applicable regulations, such as long-term and short-term capital requirements and Danamon’s projected profit growth and market conditions.

Danamon has complied with a long-term loan agreement on restrictions on the distribution of dividends. Danamon also ensures that the policy does not violate dividend distribution restrictions as set forth in the Bank’s long-term agreements. The decision also takes into account the management of capital planning, expected earnings growth and market conditions.

The Annual General Meeting of Shareholders held on 26 March 2019, approved the proposed cash dividend distribution for financial year 2018 at 35% of net income 2018 or a total of approximately IDR1,372,760,200,000 or IDR143.22 per share.

Dividend Payment History 

Fiscal Year

Announced Date

Recording Date

Payment Date

Dividend Per Share

Type

AGMS approval*

Actual**

2018

27 March 2019

8 April 2019

26 April 2019

IDR 143,22

IDR 143,22

Final

2017

21 March 2018

2 April 2018

18 April 2018

IDR 133,44

IDR 133,44

Final

2016

13 April 2017

27 April 2017

12 Mei 2017

IDR 97,48

IDR 97,48

Final

2015

29 April 2016

12 May 2016

27 May 2016

IDR 74.90

IDR74.90

Final

2014

08 April 2015

17 April 2015

8 May 2015

IDR81.50

IDR81.50

Final

2013

08 May 2014

04 Jun 2014

18 Jun 2014

IDR126.50

IDR126.50

Final

2012

13 May 2013

04 Jun 2013

19 Jun 2013

IDR125.58

IDR125.58

Final

2011

29 Mar 2012

24 Apr 2012

08 May 2012

IDR104.43

IDR104.43

Final

2010

01 Apr 2011

27 Apr 2011

10 May 2011

IDR119.83

IDR119.87

Final

2009

03 May 2010

26 May 2010

10 Jun 2010

IDR90.97

IDR91.12

Final

2008

01 Jun 2009

23 Jun 2009

07 Jul 2009

IDR90.82

IDR91.37

Final

2007

29 Apr 2008

22 May 2008

04 Jun 2008

IDR208.40

IDR209.80

Final

2006

26 Apr 2007

21 May 2007

05 Jun 2007

IDR131.44

IDR132.87

Final

2005

29 May 2006

20 Jun 2006

04 Jul 2006

IDR203.449

IDR202.6

Final

2004

01 Jun 2005

22 Jun 2005

30 Jun 2005

IDR245.37

IDR66.65

Final

18 Nov 2004

13 Dec 2004

22 Dec 2004

IDR178.73

Interim

2003

15 Apr 2004

10 May 2004

24 May 2004

IDR124.50

IDR39.50

Final

01 Mar 2004

24 Mar 2004

08 Apr 2004

IDR85

Interim

 * Dividend per share per AGMS approval calculated based on estimated number of shares at payment date.     

** Dividend per share per actual calculated based on number of shares at recording date.