Property developer PT Ciputra Property Tbk plans to distribute Rp47.4 billion dividend or Rp7.71 a share, a 30% payout ratio of its net profit last year. Referring to the dividend, the dividend yield of Ciputra Property is 1.1%.
"The dividend payout ratio is about 30% of the net profit last year," said Director Artadinata Dhangkar as quoted by Kontan daily today.
According to him, Ciputra Property will determined the dividend payout ratio during shareholders meeting scheduled in May or June this year.
Last year, the company distributed Rp43.05 billion dividend or Rp7 a share, taking a 27.7% of its net profit in 2010.
Disclosure: No position at the stock mentioned above.
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