Feb 8, 2011

Lippo Karawaci to distribute dividend

Property developer PT Lippo Karawaci Tbk (LPKR) plans to distribute Rp150 billion dividend from last year net income which recorded at Rp525 billion, rose 35% from Rp388 billion in 2009.
“The Rp50 billion interim dividends have been paid in December 2010, while annual dividend will be paid after obtaining shareholders approval,” said President of Lippo Karawaci Ketut Budi Wijaya in a press statement last night.
The total distributed dividend, he added, are Rp150 billion or Rp8.65 per share. The number is equivalent to 28.6% payout ratio and 1.6% yield.
 
Disclosure: No position at the stock mentioned above. 

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