ANEKA TAMBANG (ANTAM) has announced an unfranked ordinary dividend of IDR 758.86 per CHESS Depositary Interest for the 2024 financial year, reflecting solid profitability and shareholder returns.
- Ordinary dividend of IDR 758.86335 per CHESS Depositary Interest (1 – 5 ratio)
- Dividend relates to FY2024 net profit of approximately IDR 3.65 trillion
- Unfranked dividend with 20% withholding tax applied
- Record date set for 24 June 2025, payment on 11 July 2025
- AUD equivalent dividend amount to be disclosed on 7 July 2025
ANTAM's Dividend Announcement
Indonesian mining giant ANEKA TAMBANG (Persero) Tbk, known on the ASX as ATM, has declared an ordinary dividend payment for the financial year ending 31 December 2024. The company announced a dividend of IDR 758.86335 per CHESS Depositary Interest, with each security representing a 1 – 5 ratio. This distribution reflects the company’s robust net profit attributable to its parent entity, which totaled approximately IDR 3.65 trillion, as resolved at the Annual General Meeting held on 12 June 2024.
Key Dates and Payment Details
Shareholders registered by 24 June 2025 will be eligible for the dividend, with the ex-dividend date set for 23 June 2025. Payments are scheduled for 11 July 2025. Notably, the dividend is unfranked, meaning it does not carry any Australian franking credits, and a withholding tax of 20% will apply. The company has not disclosed the Australian dollar equivalent of the dividend yet, but this information is expected to be released on 7 July 2025, shortly before payment.
Implications for Investors
ANTAM’s dividend announcement underscores its continued profitability and commitment to returning value to shareholders despite the challenges often faced in the mining sector. The unfranked nature of the dividend may affect the after-tax returns for Australian investors differently depending on their tax circumstances. Additionally, the withholding tax rate of 20% is a significant consideration for foreign investors, potentially impacting net income from these distributions.
Looking Ahead
While the dividend payout is a positive signal of financial health, investors will be watching closely for the forthcoming AUD conversion rate to better understand the dividend’s value in Australian dollars. Furthermore, the broader market will be attentive to how ANTAM’s earnings and dividend policy evolve amid fluctuating commodity prices and geopolitical factors influencing the mining industry.
Bottom Line?
ANTAM’s solid dividend payout signals strength but leaves currency and tax impacts in focus for investors.
Questions in the middle?
- What will be the AUD equivalent of the dividend once announced?
- How will the 20% withholding tax affect different classes of investors?
- Will ANTAM maintain or increase dividend payouts amid market volatility?