Jun 8, 2011

Japfa to distribute Rp365/share dividend

Poultry feed company PT Japfa Comfeed Indonesia Tbk will distribute a cash dividend of Rp365 a share or Rp765 billion. The dividend is reflecting a 75% payout ratio from its net profit last year.
Director Ignatius Herry Wibowo said the dividend is significantly higher than Rp5 a share last year. "We can't give a promise to pay higher dividend as it depends on the financial performance and capital expenditure," said in a public expose today as quoted by Bisnis.com.

Disclosure: No position at the stock mentioned above.

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