Dividend Distribution Date of Satyamitra Kemas Lestari (IDX: SMKL)

Photo: Satyamitra Kemas Lestari

Based on the Annual General Meeting of Shareholders (AGMS) held in Tangerang on 12 August 2021, PT Satyamitra Kemas Lestari Tbk. (IDX: SMKL) agreed to distribute cash dividends of IDR27.2 billion. This represented 67.24% of the Company's 2020 net income. Therefore each shareholder will receive a dividend of IDR8 per share. 

During 2020, the Company recorded a 12,42% decrease of its revenue from IDR1.94 trillion to IDR1.7 trillion. However, the net income rocketed from IDR14 billion to IDR40.45 billion, represented an increase of 189% yoy. Based on the AGMS document, the Company will distribute IDR27.2 billion of its net income as cash dividend, IDR1 billion as reserve funds, and the remaining amount of IDR12.25 billion will be retained as retained earnings.

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.

SMKL share was traded at a level of IDR266 per share as an opening trade session on Thursday, 19 August 2021. This means that the dividend yield ratio is 3%. During this year, SMKL share price has increased 28% YTD. 

During the first quarter of 2021, the Company recorded an increase in both revenue and net income. The revenue increased 5.17% yoy from IDR461.62 billion to IDR485.50 billion. The net income was also increased from IDR20.98 billion to IDR27.35 billion, representing an increase of 30.40%.