BRI Stock Rebounds on $1.25 Billion Dividend Payment Day
Jakarta. The shares of state-owned Bank Rakyat Indonesia (BRI) rose by 2.89 percent to reach Rp 3,910 on Wednesday morning, coinciding with the bank’s scheduled dividend payment.
BRI’s stock had been in negative territory since January 9, experiencing a 6.17 percent decline over the past week. However, the announcement of a substantial dividend payment appears to have spurred investor interest.
The state-owned lender is set to distribute Rp 20.4 trillion ($1.25 billion) in dividends, equivalent to Rp 135 per share, to its shareholders.
As of the end of 2024, BRI had 653,247 investors, with the general public holding approximately 46 percent of its shares.
Investment consultancy firm Macquarie has predicted that BRI will offer the highest dividend yield in Indonesia for the year, at an estimated 8.2 percent. The firm also projects the bank’s share price to rise to Rp 5,690, reflecting its strong market position and investor confidence.
Tags: Keywords:Related Articles
Prabowo Urges State Banks to Prioritize Public Impact Over Profits
Prabowo urged state banks to expand credit access and ensure MSMEs receive fair financing, not just profits.
‘No Dollar, No Problem’: Indonesia’s Biggest Banks Connect to Alipay and WeChat Pay
Indonesia launches cross-border QRIS with China, allowing seamless rupiah payments through Alipay and WeChat Pay networks.
BRI to Launch FC Barcelona-Themed Debit Card
The debit card will have an FC Barcelona-themed design and a prize draw program.
Danantara Denies Leadership Change in State Banks
Defense Minister Sjafrie Sjamsoeddin recently revealed that Prabowo wanted major shake-ups at the state-owned lenders.The Latest
#Sell Campaign Doesn’t Reflect Strong Indonesia Ties, Singapore Says
#SellSingapore and #SellIndonesia recently took social media by storm, as Jakarta grappled with tumbling stocks and weakening rupiah.
Prabowo's Foreign-Agent Rhetoric Weakens Indonesia's Fight Against FIMI
Prabowo's "foreign agent" rhetoric risks conflating dissent with foreign interference, weakening Indonesia's democratic resilience.
Economist Sees Another BI Rate Hike as Indonesia Seeks $11B in Capital
Trimegah Sekuritas expects BI to raise rates by another 25 bps, saying Indonesia still needs $11 billion in foreign capital this year.
Women Trapped in the Vicious Cycle of Loan Sharks
Under the bank emok system, the repayment is joint liability, where one person's debt becomes the shared responsibility of an entire group.
Govt Targets Completion of 35,872 Village Cooperatives by August
Indonesia aims to complete 35,872 village cooperatives by August as the government prepares them to distribute subsidies and support farmersMost Popular
