Golden Energy Mines (IDX: GEMS) Will Distribute Its Second Interim Dividend in 2021

Photo: Golden Energy Mines

After distributing the first interim dividend on 4 May 2021, PT Golden Energy Mines Tbk. (IDX: GEMS)—Sinarmas Mining Group, will distribute its second interim dividend. The distribution of the second interim dividend has been approved by the agreement of the Board of Directors and Commissioners of the Company on 5 August 2021.

Based on the document submitted to the authority, the total amount of the second interim dividend will reach USD60 million or USD0.0102 per share. Using the Central Bank of Indonesia's middle rate on 6 August 2021, the second interim dividend is equal to IDR860.5 billion or IDR146.29 per share.

The schedule for dividends' distribution are as follows:

1. Cum dividend for regular and negotiation market: 16 August 2021;
2. Ex-dividend date for regular and negotiation market: 18 August 2021;
3. Cum dividend for regular and negotiation market: 19 August 2021;
4. Ex-dividend date for regular and negotiation market: 20 August 2021;
5. Recording date for those entitled to the dividend: 19 August 2021; and
6. Dividend payment date: 31 August 2021.

For information, the Company has distributed its first interim dividend in 2021 on 4 May 2020. The total amount of the first interim dividend was USD75 million (equal to IDR1.094 trillion) or USD0.01275 per share (equal to IDR186.05 per share). During the first quarter of 2021, the Company recorded a 20% growth in its sales, from USD317 million to USD381 million. The net income for Q1 of 2021 also increased 197% yoy from USD34 million to USD101 million.   

At the opening trade session today, 10 August 2021, GEMS was traded at a level IDR3,590 per share. Therefore the yield for the second interim dividend is 4%.