PNGO - PT. Pinago Utama Tbk

Rp 1.330

+40 (+3,00%)

JAKARTA. PT Pinago Utama Tbk (PNGO), a crude palm oil (CPO) and rubber manufacturer, declares its plan to pay out cash dividends of IDR 54.69 billion or IDR 70 per share.

Wandy, GM of Finance of PNGO, claimed that the said plan aligns with the result of the Annual General Shareholders Meeting held earlier this week. In this meeting, the company’s shareholders agreed to allocate 21.94% of the net profit in 2021 as cash dividends.

According to data, PNGO scored IDR 187.71 billion of net profit in 2021. In addition, its also still possessed retained earnings of IDR 531.85 billion, as reported back in December 2021.

The cum dividend in the regular and negotiation market is set to May 18, 2022, and in the cash market, May 20, 2022. Meanwhile, the dividend itself will be channelled out on June 8, 2022.

Currently, 22.18% of PNGO’s shares are under the control of Wilson Sutantio. Another 19.58% belongs to Hasan Tantri, followed by Charles Sutantio of 17.79%, Peter Unggul Sutantio of 15.45%, and Suryanti Tantri of 4.45%. These five individual investors are the controlling shareholders of the company, leaving the remaining 20.56% to the public. (KR/ZH)