JAKARTA – PT Mitra Pinasthika Mustika Tbk (MPMX) has announced plans to distribute dividends amounting to IDR 535 billion, or IDR 120 per share, for the 2024 financial year.

The decision was approved at the company’s Annual General Meeting of Shareholders (AGMS) held on Tuesday (27/5) in Jakarta.

According to data from IDNFinancials.com, MPMX’s dividend per share for the 2024 financial year increased by 4.3% from IDR 115 in the previous year.

This rise aligns with the company’s net profit growth of 10.8% year-on-year in 2024, reaching IDR 582.5 billion at the end of December 2024.

As such, MPMX’s dividend payout ratio for 2024 stood at 91.8%, slightly down from 97.6% in the 2023 financial year.

Meanwhile, with today’s closing price at IDR 1,100 (27/5), MPMX’s indicated dividend yield reaches 10.9%.

As a core portfolio of PT Saratoga Investama Sedaya Tbk (SRTG), Saratoga still owns 56.7% of MPMX shares as of April 2025.

In other words, SRTG is set to receive dividend income of up to IDR 303.4 billion from MPMX. (ZH)