JAKARTA - Prepared to set aside a number of SOEs net profit in the form of cash dividends. For example, two state-owned bank issuers, PT Bank Mandiri Tbk (BMRI) and PT Bank Negara Indonesia Tbk (BBNI).
Both companies will pay dividend 25% of net income. The ratio of dividends to net income was reduced from the previous 30%. The analysts still recommend the accumulation of state-owned shares to be spread dividends, because it has an attractive long-term prospects.
BMRI for example, will spread dividend Rp 4.96 trillion or 25% of net income in 2014. Each holder of shares will receive a cash dividend of Rp 212.91. Referring BMRI stock price of Rp 12 175 per share, the dividend yield is only 1.75% BMRI.
The BBNI be flushed cash dividend of Rp 2.69 trillion. In other words, dividends are distributed to Rp 144.54 per share. With the share price of Rp 7,000 per share, BBNI offer a higher dividend yield, which is 2.06%. BBRI and BMRI will pay the dividend on 17 April 2015.
In contrast to the second bank, PT Bank Rakyat Indonesia (BBRI) approved the dividend distribution is greater, namely 30% of the net profit or Rp 7.27 trillion. As of the end of 2014, BBRI gain a profit of Rp 24.24 trillion.
In addition to bank issuers, listed SOEs infrastructure, PT Jasa Marga Tbk (JSMR) will spread the dividends of 35% of net profit in 2014. Last year, JSMR pocketing a profit of Rp 1.4 trillion. Thus, the amount of dividends to be distributed to Rp 491.2 billion or USD 72.24 per share. JSMR dividend yield of 1%
Marisa Vitello, Buana Capital analyst, judge, of the issuer, the dividend reduction is quite positive, encouraging capital. "So, even though some SOEs reduced dividends, the outlook still positive, because fund its expansion into larger," he said, Monday (23/3).
According to Marisa, most SOEs dividend yield is small. However, capital gains are usually high SOEs. Marisa liked BBNI are still low and a higher dividend yield than the other bank issuers.
Phintraco Securities analyst, Setiawan Effendi rate, investors can still take advantage of a dividend prior to the date of cum dividend. For example, when the cum dividend BBNI today (24/3), investors can accumulate stocks and take it off a day later, before the stock was corrected. "So the gain of the dividend to be had," he said.
Before buying stocks, according to Setiawan, investors should see the fundamental outlook and valuation of listed companies in the long term. For example, the valuation was too high JSMR with price earnings ratio (PER) of 34 times.
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