ITMG – To disburse USD744 mn in dividend

Indo Tambangraya Megah (ITMG) will distribute dividends worth USD774 bn in FY22. The amount is equivalent to 65% of ITMG's total net profit of USD1.2 bn. The interim dividend itself has already been given to shareholders on November 22, 2022, amounting to IDR4128 per share or USD299.5 mn in total. The remaining USD474.6 mn or equivalent to IDR6416 per share (16.3% dividend yield) will be distributed to shareholders on April 18, 2023. (Source : Investor Daily)