PT Bukit Asam Tbk (PTBA) is set to distribute dividends for the 2024 fiscal year amounting to IDR 3.8 trillion, which translates to IDR 332 per share.

This decision was officially approved by shareholders during the Annual General Meeting of Shareholders (AGMS) held on Thursday, June 12, 2025.

As of the first trading session on Friday, June 13, 2025, PTBA’s share price remained relatively flat at IDR 2,980. Based on this price, the potential dividend yield stands at approximately 11.1%.

Over the past month, however, the coal producer’s stock price has already climbed 6.81%, and has surged 21.63% over the last three months.

Dividend History

Bukit Asam (PTBA) has a track record of offering dividends with notably high yields. In 2024, the state-owned enterprise (SOE) distributed dividends for the 2023 fiscal year at IDR 397.71 per share.

Referring to PTBA’s stock price on the cum date of May 20, 2024, which stood at IDR 2,930, that dividend equated to a yield of 13.5%.

However, prior to the cum date, PTBA’s share price had already surged by 27%, climbing from IDR 2,300 on December 13, 2023, to IDR 2,930 by May 20, 2024.

Subsequently, the stock experienced a sharp drop of approximately 12.28% on the ex-dividend date, May 21, 2024, falling to IDR 2,570.