Jakarta. Astra International's annual shareholders meeting in Jakarta on Thursday (20/04) approved dividend payouts of Rp 6.8 trillion — $510 million — and the appointment of a new director and a commissioner, the company said in a statement on the same day.
The dividend payouts represent 44.87 percent of the company's profit last year and equal to a return of Rp 168 per share for investors. Astra enjoyed a 4.8 percent increase in its net income last year, as rising car sales and improving global commodity prices made up for a slump in the company's bank and heavy machinery businesses.
The company's profit last year stood at Rp 15.2 trillion, up from Rp 14.5 trillion in 2015.
Astra had already paid an interim dividend on Oct. 21, leaving the remaining Rp 113 per share in dividend to be paid to investors on May 19.
The company will keep the remaining Rp 8.35 trillion from its net income as retained earnings.
The shareholders also approved the appointment of a new director to sit on the company's board of directors: Indonesian national Henry Tanoto, currently the Vice President Director of Toyota Astra Motor, a joint venture between Astra and Toyota.
Henry has been in his current position since 2015. Starting his career in 1995 as a staff at Toyota Astra Motor's National Service Division, Henry has held various important positions, including the chief of marketing for Toyota Sales Operation at Astra International.
Shareholders also appointed a new independent commissioner to sit on its board of commissioners, Japanese national Yasutoshi Sugimoto, currently the general manager of Singapore-based Toyota Motor Asia Pacific, a subsidiary of Japanese automotive giant Toyota Motor Corporation.
The following is the approved board of directors and commissioners based on Thursday's shareholders meeting:
Board of Directors
President Director: Prijono Sugiarto
Independent Director: Bambang Widjanarko Santoso
Director: Widya Wiryawan
Director: Johannes Loman
Director: Suparno Djasmin
Director: Djony Bunarto Tjondro
Director: Chiew Sin Cheok
Director: Gidion Hasan
Director: Henry Tanoto (new)
Board of Commissioners:
President Commissioner: Budi Setiadharma
Independent Commissioner: Sidharta Utama
Independent Commissioner: Mari Elka Pangestu
Independent Commissioner: Muhamad Chatib Basri
Independent Commissioner: Yasutoshi Sugimoto (new)
Commissioner: Anthony John Liddell Nightingale
Commissioner: Benjamin William Keswick
Commissioner: Mark Spencer Greenberg
Commissioner: Jonathan Chang
Commissioner: David Alexander Newbigging
Commissioner: John Raymond Witt
Commissioner: Adrian Teng Wei Ann