Gudang Garam (GGRM) Declares Rp 500 Dividend per Share, Yield Hits 5.4%
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JAKARTA, Investortrust.id – Indonesian cigarette manufacturer PT Gudang Garam Tbk (GGRM) has approved a cash dividend of Rp 500 per share, distributing a total of Rp 962.04 billion from its 2024 net profit. The decision was finalized during the company’s Annual General Meeting of Shareholders (AGMS) held on Wednesday, June 25, 2025.
The remaining portion of the 2024 profit will be retained to strengthen the company’s capital reserves, a strategic move to safeguard against ongoing pressures in the tobacco industry. Based on GGRM’s share price of Rp 9,125, the dividend yield stands at 5.4%.
According to the 2024 audited financial statement, Gudang Garam reported a sharp 81.57% decline in net income attributable to the parent company, falling to Rp 980.80 billion from Rp 5.31 trillion the previous year. The drop was exacerbated by a net loss of Rp 11 billion in Q4-2024, compared to a profit of Rp 867 billion in Q3-2023.
Dividend Schedule:
- Cum dividend (regular & negotiated markets): Friday, July 4, 2025
- Ex dividend (regular & negotiated markets): Monday, July 7, 2025
- Cum dividend (cash market): Tuesday, July 8, 2025
- Ex dividend (cash market): Wednesday, July 9, 2025
- Recording date: Tuesday, July 8, 2025
- Payment date: Wednesday, July 23, 2025
In addition to the dividend announcement, the AGMS also ratified a new leadership structure. Susilo Wonowidjojo has been reappointed as President Director, signaling continuity in the company’s strategic direction amid declining profitability.
Newly Appointed Board of Directors:
- Susilo Wonowidjojo
- Indra Gunawan Wonowidjojo
- Heru Budiman
- Herry Susianto
- Istata Taswin Shiddarta
- Andik Wahyudi
- Hamdhany Halim
- Slamet Budiono
- Sony Susano Rahmadi
Board of Commissioners:
- Juni Setiawati Wonowidjojo – President Commissioner
- Frank Willem van Gelder – Independent Commissioner
- Gotama Hendgrosotanta – Independent Commissioner
- Hamlin Supianto – Independent Commissioner