- CPIN agrees on dividend distribution of net profit 2023
Charoen Pokphand (CPIN) will distribute IDR 2.13T or IDR 130 dividends/share. Since CPIN had distributed an interim cash dividend of IDR 1.63T or IDR 100/share on Nov 23, the remaining IDR 30/share is for the final dividend. (Kontan)
What we think: CPIN’s dividend payout ratio is 92.2% of IDR 2.31T FY23 net profit. Based on the last closing price of IDR 5.175/share, CPIN’s dividend yield is 2.51%. - ISAT to distribute IDR 268.4/share dividend
The AGM of Indosat (ISAT) agreed to distribute a total dividend of IDR 2.17T from 2023 net profit or equivalent to a 49% payout ratio. The dividend payment is translated to IDR IDR 268.4/share. (ISAT)
What we think: The dividend payment equals 2.6% dividend yield. Consensus expects a flat dividend growth for FY24 at IDR 269.1/share