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Pelita Samudera Shipping sets up its dividend distribution

22 June 2021 15:40

JAKARTA. PT Pelita Samudera Shipping Tbk (PSSI) prepares to distribute its cash dividend of IDR 8 per share, or approximately IDR 43.34 billion, which is taken from the net profit in 2020.

According to Imelda Agustina Kiagoes, the Corporate Secretary of PSSI, this decision had been approved during the Annual General Shareholders meeting last week. In this meeting, the shareholders decided to allocate USD 2.97 million, or 35% of its net profit in 2020, as the cash dividend. The remaining USD 5.04 million from the net profit would then be stored as the retained earnings.

The management had set the cum dividend date in the regular and negotiation market on June 25, 2021, followed by the cash market on June 29, 2021. Accordingly, the payment would take place on July 21, 2021.

Based on idnfinancials.com data, until March 2021, 45.58% of PSSI is controlled by PT Indoprima Marine. Kendilo Pte Ltd owns another 26.91%, the public investors 19.06%, and Convivial Navigation Co Pte Ltd 7.08%. The total shares owned by PSSI’s directors and commissaries reach 1.37%. (KR/ZH)

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