JAKARTA - PT Garudafood Putra Putri Jaya Tbk (GOOD) will distribute dividends of Rp 125.45 billion or Rp 17 per share for the 2018 fiscal year. The amount is 31% of the company’s 2018 net profit of Rp 404.93 billion, up 18.57% year on year (yoy).
“The amount of dividends has been set with consideration to the company’s cash flow,” said GOOD Director Paulus Tedjosutikno in a public expose after the company’s Annual General Meeting of Shareholders (AGM) as quoted by Bisnis.com, Tuesday (30/4).
The dividends will be paid on May 28, 2019 to all shareholders registered in GOOD’s record of shareholders as of May 13, 2019.
Rp 5 billion of the company’s 2018 net profit will be kept as mandatory reserves, while the remaining Rp 274.47 billion will be used as general reserves. (MS)