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 :
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.