Sido Muncul (IDX: SIDO) Declares Interim Dividend of IDR15.30 per Share

Photo: Sido Muncul

Based on the Decision of the Board of Directors dated 4 August 2021 that has been approved by the Board of Commissioner, PT Industri Jamu dan Farmasi Sido Muncul Tbk. (IDX: SIDO) will distribute a cash interim dividend of IDR15.30 per share. The schedule for dividends' distribution are as follows:

1. Cum dividend for regular and negotiation market: 13 August 2021;
2. Ex-dividend date for regular and negotiation market: 16 August 2021;
3. Cum dividend for regular and negotiation market: 18 August 2021;
4. Ex-dividend date for regular and negotiation market: 19 August 2021;
5. Recording date for those entitled to the dividend: 18 August 2021; and
6. Dividend payment date: 27 August 2021.      

SIDO was traded on IDR795 per share as of the closing trade on 6 August 2021. It means that the dividend yield for the interim dividend is 1,92%.

During the first half of 2021, SIDO recorded a sales increase of 13% yoy from IDR1.45 trillion to IDR1.65 trillion. The operating expense ratio was maintained at the level of 19-20%. Overall, the net profit increased 21% yoy from Rp413 billion to Rp502 billion.

The company also reported its plan to acquire some new machines with a capacity of up to 20 million per month. To finance the acquisition, it has provided the fund at around IDR21 billion from its own source.