Dividend Information

Dividend Policy

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 :

• 35% of 2023 Net Profit or approximately IDR1.226.358.700.000 or at IDR125,48 per share.

Dividend Payment History 

 * 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.