jlk – PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) or BRI has distributed a final cash dividend amounting to IDR 48.1 trillion for the fiscal year 2023.
This decision was made during the Annual General Meeting of Shareholders (AGMS) held on March 1, 2024.
The dividends distributed by BRI this year have increased by 10.59 percent compared to the amount paid in 2023, which was IDR 43.49 trillion.
The dividend ratio distributed by BRI reached 79.63 percent of the total profit in 2023.
Each BBRI shareholder will receive a dividend of IDR 319 per share.
The approved dividend in the AGMS includes the interim dividend distributed earlier this year, amounting to IDR 84 per share.
The remaining cash dividend to be paid to shareholders is at least IDR 35.43 trillion, or IDR 235 per share. The cum-dividend date in the cash market is March 27, 2024, while the ex-dividend date in the cash market is March 28, 2024. The recording date is March 27, 2024, and the payment date is April 12, 2024.
Out of the total dividends distributed, IDR 18.94 trillion will be received by the Republic of Indonesia as the majority shareholder with a 53 percent ownership of BRI shares. The remaining IDR 16.49 trillion will be received by the public.
BRI recorded a net profit of IDR 60.4 trillion in 2023, a growth of 17.5 percent compared to the previous year.
The profit growth aligns with the asset quality, which as of December 2023, amounted to IDR 1,965 trillion, growing by 5.3 percent year on year (yoy).
BRI’s President Director, Sunarso, stated that BRI is optimistic about continuing to provide dividends to investors. He mentioned that they have prepared and projected that within the next 3 to 4 years, BRI still has the potential to pay high dividends.
“We hope that with the dividends we pay, we can benefit all shareholders, especially the country as the majority shareholder,” said Sunarso in an official statement on Monday, March 3, 2024.
Sunarso added that BRI also continues to commit to supporting the government’s programs for national economic recovery (PEN), especially through empowering micro, small, and medium enterprises (MSMEs).
“We believe that with the support of all stakeholders, BRI will continue to grow and develop as a superior and highly competitive bank at both regional and global levels,” said Sunarso.
BRI has formulated several strategies to ensure sustainable dividend growth. One of them is strengthening the digital ecosystem.
BRI has developed various digital services such as BRImo and BRILink, providing easier and more efficient banking services to the public.
Additionally, BRI continues to strengthen its role in supporting the MSME sector. By providing easier and faster access to credit, BRI hopes to help MSMEs grow and contribute to the increase in BRI’s profits.
BRI has also introduced various product and service innovations to improve customer service quality. For example, by introducing a virtual assistant service to assist customers in conducting banking transactions.
The decision of BRI to distribute a substantial dividend undoubtedly has a positive impact on investors. For investors, dividends are one of the expected returns on investment.
Furthermore, the distribution of significant dividends also indicates BRI’s good financial performance. This, of course, can enhance investor confidence in BRI.
However, it is essential to remember that investments in the capital market always carry risks. Therefore, investors need to conduct thorough analysis and considerations before deciding to invest.
That concludes the overview of BRI’s substantial dividends. We hope this information is useful to you. Happy investing!
Source: Various sources