- Bumitama Agri's announced a final plus special FY22 dividend of S$0.0655. This brings Bumitama Agri's FY22’s total dividend to S$0.078 per share which was 22% ahead of our expectation.
- - Read this at SGinvestors.io -
Bumitama Agri announced S$0.0655 dividend to reward shareholders
- Ahead of its upcoming AGM, Bumitama Agri's announced a final dividend of S$0.0442 plus a special dividend of S$0.0213 (combined: S$0.0655) to reward shareholders following its record FY22 core PATMI of IDR3,183b (+89% y-o-y).
- - Read this at SGinvestors.io -
- Bumitama Agri's FY22 dividend payout ratio (DPR) is estimated at 55% of headline PATMI or 49% of our core PATMI, higher than its dividend policy to distribute up to 40% of its distributable income. See Bumitama Agri's dividend history.
Keeping our dividend payout assumptions at 40%
- Read more at SGinvestors.io.
Above is the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.ketrade.com.sg/.
Ong Chee Ting CA Maybank Research | https://www.maybank-ke.com.sg/ 2023-04-06
Read also Maybank's most recent report:
2023-08-13 Bumitama Agri - 1H23 Exceeded Expectations; On Track To Deliver Dividend Yield Above 7%.
Previous report by Maybank:
2023-05-15 Bumitama Agri - 1Q23 Within Expectations; BUY For >6% Dividend Yield.
Price targets by 3 other brokers at Bumitama Agri Target Prices.
Listing of research reports at Bumitama Agri Analyst Reports.
Relevant links:
Bumitama Agri Share Price History,
Bumitama Agri Announcements,
Bumitama Agri Dividends & Corporate Actions,
Bumitama Agri News Articles
