Campina Ice Cream Industry (IDX: CAMP) Will Distribute Cash Dividend of IDR41.19 Billion

Photo: Campina Ice Cream Industry

Ice cream producer, PT Campina Ice Cream Industri (IDX: CAMP) will distribute cash dividend of IDR41.195 billion for the Book Year of 2020. Therefore, each shareholder will receive a dividend of IDR7 per share. The dividend distribution has been approved at the Annual General Meeting of Shareholders on (AGMS) held in Jakarta on 12 August 2021.

During 2020, the Company recorded a revenue of IDR956.63 billion, a decrease 7,03% yoy. The net income also decreased 42,62% yoy from IDR76.76 billion to IDR44.05 billion. Based on the AGMS document, the Company will distribute IDR41,195 of its net income as cash dividend and the remaining amount will be retained as reserve funds.

The schedule for dividends' distribution are as follows:

1. Cum dividend for regular and negotiation market: 23 August 2021;
2. Ex-dividend date for regular and negotiation market: 24 August 2021;
3. Cum dividend for regular and negotiation market: 25 August 2021;
4. Ex-dividend date for regular and negotiation market: 26 August 2021;
5. Recording date for those entitled to the dividend: 25 August 2021; and
6. Dividend payment date: 15 September 2021.

As of the last trading session on 16 August 2021, CAMP share was traded at a level of IDR318 per share. During this year, CAMP share price has increased 10% YTD. This means that the dividend yield ratio reaches 2.2%.

During the first half of 2021, the Company recorded an impressive performance. The revenue increased 8.9% yoy from IDR459 billion to IDR500 billion. In aggregate, the net income was increased 233% yoy from IDR15 billion to IDR50 billion.