PT Adaro Energy Indonesia Tbk (ADRO) will distribute dividend worth USD 1 billion from its net profit gained in 2022. This dividend is higher than the ones distributed from the 2021 net profit, which only reached USD 650 thousand. In the information disclosure quoted Tuesday (16/5), Mahardika Putranto, Corporate Secretary of ADRO, said that the dividend for the fiscal year 2022 is USD 500 million or USD 0.016 per share, while the dividend paid based on the Official Shareholders List is USD 500 million. The dividend allocation is made based on the total net profit attributable to the parent entity of USD 2.49 billion, retained earnings of USD 4.41 billion, and total equity of USD 6.52 billion.

The dividend will be disbursed on June 6 to the ones in the official list recorded by May 24 (recording date). The cum and ex dividend in the regular and negotiation market has been set to May 22-23, while the cum and ex dividend in the cash market will follow on May 24-25. In 2022, the issuer had distributed an interim dividend for the fiscal year 2021 worth USD 350 million or USD 0.0112 per share, while the dividend paid according to the Official Shareholders List worth USD 300 million. In said year, ADRO recorded net profit of USD 933.49 million, retained earnings of USD 2.71 billion, and total equity of USD 4.45 billion. 

Source: https://www.idnfinancials.com/news/46886/adro-grant-dividend