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 March 31, 2023, approved to distribute cash dividend for financial year 2022, which represents :

  • 35% of 2022 Net Profit or approximately IDR1,155,809,900,000 or at IDR118.26 per share.

Dividend Payment History 

Fiscal Year

Announcement Date

Recording Date

Payment Date

Dividend Per Share

Type

AGMS approval*

Actual**

 2022  4 April 2023 13 April 2023  4 May 2023  Rp 118.26  Rp 118.26  Final 

2021

29 March 2022

6 April 2022

28 April 2022

Rp 56.33

Rp 56.33

Final

2020

4 May 2021

17 May 2021

3 June 2021

Rp 36.08

Rp 36.08

Final

2019

26 March 2020

3 April 2020

24 April 2020

Rp187.55

Rp187.55

Final

2018

27 March 2019

8 April 2019

26 April 2019

Rp143.22

Rp143.22

Final

2017

21 March 2018

2 April 2018

18 April 2018

Rp134.44

Rp134.44

Final

2016

13 April 2017

27 April 2017

12 May 2017

Rp 97.48

Rp 97.48

Final

2015

29 April 2016

12 May 2016

27 May 2016

Rp 74.90

Rp 74.90

Final

2014

8 April 2015

17 April 2015

8 May 2015

Rp 81.50

Rp 81.50

Final

2013

8 May 2014

4 June 2014

18 June 2014

Rp126.50

Rp126.50

Final

2012

13 May 2013

4 June 2013

19 June 2013

Rp125.58

Rp125.58

Final

2011

29 March 2012

24 April 2012

8 May 2012

Rp104.43

Rp104.43

Final

2010

1 April 2011

27 April 2011

10 May 2011

Rp119.83

Rp119.87

Final

2009

3 May 2010

26 May 2010

10 June 2010

Rp 90.97

Rp 91.12

Final

2008

1 June 2009

23 June 2009

7 July 2009

Rp 90.82

Rp 91.37

Final

2007

29 April 2008

22 May 2008

4 June 2008

Rp208.40

Rp209.80

Final

2006

26 April 2007

21 May 2007

5 June 2007

Rp131.44

Rp132.87

Final

2005

29 May 2006

20 June 2006

4 July 2006

Rp203.449

Rp202.6

Final

2004

1 June 2005

22 June 2005

30 June 2005

Rp245.37

Rp 66.65

Final

18 November 2004

13 December 2004

22 December 2004

Rp178.73

Interim

2003

15 April 2004

10 May 2004

24 May 2004

Rp124.50

Rp 39.50

Final

1 March 2004

24 March 2004

8 April 2004

Rp 85

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.