BOLT - PT. Garuda Metalindo Tbk

Rp 940

+5 (+1,00%)

JAKARTA – Shareholders of PT Garuda Metalindo Tbk (BOLT) agreed upon cash dividend distribution of IDR 35 per share for the fiscal year (FY) 2023 during the Annual General Meeting of Shareholders (AGMS) held Thursday (30/5).

Said dividend will be distributed to 2,343,750,000 listed shares as of April 2024. In other words, BOLT’s total dividend in FY 2023 reached IDR 82.03 billion or approximately 73.7% of total 2023 net profit worth IDR 111.3 billion.

It is worth mentioning that compared to FY 2022, the company’s dividend per share went up 40% from IDR 25 per share. This growth is in line with net profit surge that was also recorded reaching 40% year-on-year (yoy) from IDR 79.5 billion in 2022.

In other words, BOLT has consistently managed to maintain its dividend payout ratio at 73.7% within the past two years. Meanwhile, dividend yield of FY 2023 reached 4.43%, referring to BOLT’s price of IDR 790 per share as of 2.46 WIB today (30/5)

For 2024, the company aims to attain revenue target of IDR 1.7 trillion or 15% yoy growth from sales in 2023 worth IDR 1.46 trillion.

“For net profit, we hope [the growth] can still reach double digit in 2024,” added Anthony Wijaya, Director of BOLT, when met at Annual Public Expose of BOLT today (30/5).

As of April 2023, BOLT’s shareholders reportedly consisted of PT Garuda Multi (57.6%), Herman Wijaya (12.8%), UOB Kay Hian Pte Ltd (9.97%), Ervin Wijaya (9.6%), and public investors (10.03%). (ZH)