CPIN – To distribute IDR1.63 tn interim dividend

CPIN – To distribute IDR1.63 tn interim dividend Charoen Pokphand Indonesia (CPIN) is set to distribute an interim dividend for the 2023 fiscal year, amounting to IDR1.63 tn at the end of this month. The dividend of IDR100 per share will be disbursed among the company's 163.98 bn shares. The company stated that this distribution plan was approved by the board of commissioners on November 6, 2023. The schedule for the interim dividend includes a cum dividend date on the regular and negotiation markets on November 16, 2023, followed by an ex dividend date on November 17, 2023. The cum dividend date for the cash and shareholder list entitled to the interim dividend is on November 20, 2023, with the ex dividend date on the cash market set for November 21, 2023. Dividend payments are expected to be made on November 29, 2023. The basis for this dividend distribution is the 9M23 financial data, with a net profit attributable to the parent entity of IDR2.67 tn, retained earnings of IDR28.82 tn, and total equity of IDR29.01 tn. While the company recorded a decrease in net profit for 9M23, they have chosen to allocate 61% of their earnings as an interim dividend for the 2023 fiscal year. (Source: Investor Daily)