DIGIVESTASI - Shareholders of a number of issuers on the Indonesia Stock Exchange (BEI) are preparing to receive dividends totaling IDR 9.06 trillion until Christmas 2024. A pinch of sweetener in the form of interim dividends for the 2023 fiscal year, a week before the Christmas and New Year 2024 holidays, or stock trading on the IDX starting December 19 2023 until December 22 2023 will be decorated.

Based on data compiled by Bisnis, Friday (15 December 2013), there are 11 issuers scheduled to distribute interim dividends next week. The total amount  to be distributed is IDR 9.06 trillion. The largest interim dividend in 2023 will be paid next week by the issuer bank  Djarum Group PT Bank Central Asia Tbk (BBCA). This bank issuer, which is known for generously distributing interim dividends to BBCA shareholders, plans to pay a total of IDR 5.23 trillion on December 20 2023. As a reminder, BCA has never failed to pay interim dividends to BBCA shareholders since at least 2004.

Most recently, Thursday (23 November 2023), BCA management announced plans to distribute interim dividends for the 2023 financial year. BBCA said the decision to pay interim dividends was in line with the board's decision which was approved by the board on 15 November 2023. BCA distributed an interim dividend for 2023 of IDR 5.23 trillion. Therefore, BBCA shareholders who meet the requirements will receive an allocation of IDR 42.5. BCA is known as a company that generously distributes profits to its  shareholders in the form of dividends. Because of its track record, BBCA shares have become a member of the IDX High Dividend 20 Index. Meanwhile, BCA has distributed dividends twice every financial year  since 2004.

First, the company pays an interim dividend. These dividends are usually declared between September and December. Second, BBCA distributes final dividends determined at the annual general meeting. As a reference, BCA again recorded financial performance growth in the third quarter of 2023.

BBCA recorded a consolidated net profit of IDR 36.4 trillion until the end of September 2023. This report reflects year-on-year growth of 25.8%. Jadja Setiatmaja, President and Director of Bank of Central Asia, revealed the factors that drove the realization of net profit and the development of BBCA's net interest income (NII) from January 2023 to September 2023. ), reaching IDR 55.9 trillion in the third quarter of 2023, an increase 21.3% year-on-year (YoY). BBCA's net interest income mechanism increased along with bank loans which also increased 12.3% year-on-year to IDR 766.1 trillion. According to him, the health of credit distribution is driven by the BCA Expo 2023 which will be held in the third quarter of 2023 as a continuation of the BCA Expoversary 2023. As a result, Jaja claims that BCA consumer credit is getting healthier.

The Djarum Group not only receives part of BCA's dividends; Telecommunication tower issuer PT Sarana Menara Nusantara Tbk (TOWR) plans to make payment on December 22 2023. TOWR plans to distribute an interim dividend of IDR 6 per share in the 2023 financial year. As a result, the two richest brothers in Indonesia, Robert Budi Hartono and Michael Hartono, will received dividends of  Rp. 15.3 billion from TOWR through PT Dwimria Investama Andalan.

Meanwhile, the children and grandchildren of Robert Budi Hartono and Michael Bambang Hartono will receive a total dividend of IDR 166.5 billion from TOWR through PT Sapta Adhikari Investama which is also TOWR's controller. For your information, the children and grandchildren of the Djarum duo are the last caretakers of Sapta Adhikari Investama. Apart from BCA, the 2023 jumbo interim dividend will be obtained from PT Unilever Indonesia Tbk. (UNVR).

Unilever Indonesia has announced an interim dividend plan for the fiscal year 2023. Based on a board decision that received the green light from the commission on November 24, 2023, the consumer goods giant is distributing an interim dividend for 2023 of IDR 2.4 trillion. Thus, entitled UNVR shareholders will receive shares worth IDR 63 per share during the dividend period of December 19, 2023.

Shareholders of PT Cikarang Listrindo Tbk can also enjoy dividends of up to hundreds of billions of dollars. (POWR) and PT BFI Finance India Tbk. (BFIN). The two companies plan to distribute interim dividends of IDR 465.81 billion and IDR 421.1 billion respectively in 2023.

Based on Business' interim dividend records for the period ending December 2023, six issuers will distribute interim dividends of up to hundreds of billions of dollars in 2023 between December 11, 2023 and December 15, 2023. The money will be immediately disbursed to those entitled to it. shareholders. The 2023 dividend will be paid in mid-December this year. Meanwhile, the total interim dividends for the six issuers in 2023 will be IDR 793.78 billion.

The highest 2023 interim dividend for the period 11 December 2023 to 15 December 2023 comes from oil and gas issuer PT Medco Energi International Tbk (MEDC). Medco Energy International management has decided to distribute interim dividends from the results of the year  2023 based on the decision of the Board of Directors which  was approved by the Board of Directors on November 17, 2023. Medco Energy will distribute interim dividends worth a total of $25 million from the performance period of 2023, with shareholders entitled to receive allocation of IDR 15 per share with a fixed exchange rate of IDR 15,484. Meanwhile, MEDC shareholders are scheduled to receive part of the interim dividend on Friday (15 December 2023).

Alfred Nainggolan, Head of Research at Praus Capital, in a previous report said dividends did not have a significant impact on the overall market  index. This is because the issuer's dividend yield in the capital market is not too high. "Under these conditions, the distribution of interim dividends will not have a material impact on the growth of the JCI," said Alfred when contacted by Bisnis, Friday, October 6. On the other hand, Alfred estimates that interim dividend sentiment will only have a relatively short-term impact on the share price movements of an issuer.

"Based on our observations, the driver of share price appreciation due to the psychology of dividend payments occurs from the dividend announcement period to the final dividend date," said Alfred. Therefore, he advised investors to pay close attention to this period so they can take advantage of the dividend momentum. "Another factor that benefits from dividend momentum is the median level of dividend yield," he continued. The higher the return, the greater the possibility that the stock price will rise.

Separately, Reliance Securities analyst Lukman Hakim said interim dividend payments could increase investment appetite in the Indonesian stock market. "This can increase capital inflows and transactions on the Indonesian stock market," said Lukman, Sunday (10 August 2023). Lukman said that the start of interim dividend distribution in period II 2023 will provide benefits for market players who take advantage of interim dividends and implement long-term strategies. “Short-term investors can also take advantage of this dynamic by focusing on dividend yields,” he explained. (Artha Adventi)