Bank Danamon’s dividend policy has been approved by the Board of Commissioners, Board of Directors, and shareholders. The procedure of decision making for the Bank Danamon’s dividend policy is based on the organizational structure, where the Board of Directors shall propose dividend distribution to the President Director. The proposal shall be based on the Bank Danamon’s performance during a certain period.
The proposal shall be presented to the Annual General Meeting of Shareholders (AGMS) for approval on condition that the retained earnings are considered sufficient. AGMS 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 Board of Directors Meeting and AGMS, the Bank Danamon may pay interim dividends prior to the end of the fiscal year.
In addition, AGMS is also authorized to determine the allocation of net profit (including dividend distribution and general reserve and mandatory), the remuneration of Board of Directors and Board of Commissioners (salary and 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 Bank Danamon projected profit growth and market conditions.
Bank Danamon has complied with a long-term loan agreement on restrictions on the distribution of dividends. Bank Danamon also ensures that the policy does not violate dividend distribution restrictions as set forth in the Bank Danamon 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 22 March 2024, approved to distribute cash dividend for financial year 2023, which represents :
Dividend Payment History
Fiscal Year |
Announced Date |
Recording Date |
Payment Date |
Dividend Per Share |
Type |
|
AGMS* |
Actual** |
|||||
2023 |
26 March 2024 |
4 April 2024 |
25 April 2024 |
IDR125,48 |
IDR125,48 |
Final |
2022 |
4 April 2023 |
13 April 2023 |
4 Mei 2023 |
IDR118,26 |
IDR 118,26 |
Final |
2021 |
29 March 2022 |
6 April 2022 |
28 April 2022 |
IDR56,33 |
IDR56,33 |
Final |
2020 |
4 May 2021 |
17 May 2021 |
3 June 2021 |
IDR36,08 |
IDR36,08 |
Final |
2019 |
26 March 2020 |
3 April 2020 |
24 April 2020 |
IDR187.55 |
IDR187.55 |
Final |
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.