Sep 6, 2011

Indo Tambang to pay Rp1,168 dividend

Coal miner PT Indo Tambangraya Megah Tbk (ITMG) will distribute a Rp1,168 a share interim dividend to its shareholders.
The dividend payment was agreed by the company's commissioners meeting on August 25, said President Director Somyot Ruchirawat in an official statement to Indonesia Stock Exchange last night.  
Referring to the yesterday closing price, the yield dividend is 0.027%. ITMG fell 1.39% to Rp42,550 per share yesterday. Cum dividend is set on September 28 2011 and ex-dividend is decided on September 29. 
Indo Tambang booked a 53.09% increase in net profit in the first half of this year to US$205.33 million from US$134.12 million. Revenue rose 19.04% to US$970.31 million from US$815.07 million.

Disclosure: No position at the stock mentioned above.

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