UNVR - Jumbo dividend in sight, UNVR saw uptrend in stock price

UNVR - Jumbo dividend in sight, UNVR saw uptrend in stock price Unilever Indonesia (UNVR) were seen climbing at today’s (24/6) morning session following shareholders’ decision to set dividend 8.45% higher for the fiscal year (FY) 2023 compared to FY 2022. Throughout last week (19-21/7), its price was only stuck at IDR3,000 per share. However, at this morning, UNVR was seen shifting IDR40 to IDR3,030 per share from the closing price last Friday of IDR2,090 per share. Its market cap was recorded growing to IDR115.59 tn from IDR79.73 tn. In the Annual General Meeting of Shareholders last Thursday (20/6), shareholders called for total dividend of IDR5.34 tn for FY 2023, relatively stable compared to 2022. Interim dividend for FY 2023 was IDR2.40 tn or IDR63 per share, down 8.69% from IDR2.63 tn or IDR69 per share seen in FY 2022. However, its final dividend for FY 2023, of IDR2.93 tn or IDR77 per share, was 8.45% higher than the previous allocation of IDR2,70 tn or IDR71 per share. (Source: IDN Financials).