Lippo Karawaci Approves Dividend of Rp 1.94 Per Share
Jakarta. Shareholders of Lippo Karawaci, one of Indonesia's major property developers, approved a total dividend payment of Rp 44.2 billion — $3.3 million — or Rp 1.94 per share as a final dividend payout, the company announced in a statement on Thursday (23/03).
"The dividend will be distributed on April 21 to those listed as Lippo Karawaci shareholders as of April 5," Lippo Karawaci's head of corporate communications Danang Jati told the Jakarta Globe in a text message on Thursday, after a shareholders meeting held on the same day.
The dividend is about 5 percent of the company's total net income last year. Lippo Karawaci's net income surged by 65 percent to Rp 882 billion last year from Rp 535 billion in 2015. The developer booked Rp 10.5 trillion in revenue in 2016, up 18 percent from a year before.
On Thursday, Lippo Karawaci's shares, which traded under the LPKR stock ticker, closed 0.67 percent lower at Rp 745 per share.
The Jakarta Globe is affiliated with Lippo Karawaci via the Lippo Group.
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