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dividend

Business 4 years ago

PREMIUM
SOEs’ financial losses hurt overall economy

With profits at state-owned enterprises falling drastically in 2020, the Indonesian government lost out on tax revenue and dividends and had to inject extra capital to help some firms get back on their feet.

Business 4 years ago

Tokyo stocks fall slightly in morning on ex-dividend selling

The 225-issue Nikkei Stock Average declined 15.36 points, or 0.05 percent, from Monday to 29,369.16. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 21.13 points, or 1.06 percent, at 1,972.21.

Business 5 years ago

Global dividends forecast to inch back from coronavirus cliff edge

“Our best case now sees a fall of -17.5 percent to $1.20 trillion on an underlying basis. Our worst case sees underlying dividends declining -20.2 percent to $1.16 trillion,” Janus Henderson said.

Business 5 years ago

Global dividend plunge to be worst since financial crisis

The coronavirus crisis will see the world’s biggest firms slash dividend payouts between 17 percent-23 percent this year or what could be as much US$400 billion, a new report has shown, although sectors such as tech are fighting the trend.

Business 5 years ago

Saudi Aramco's profit plunges, sees signs of oil market recovery

State oil giant Saudi Aramco’s profit plunged 73 percent in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter.

Business 5 years ago

Coal miner Bukit Asam to disburse ‘biggest payout ratio' in company history

The dividends amounted to 90 percent of company profits booked in 2019.

Business 5 years ago

Mayapada allocates $36.2m in profit to strengthen capital

The decision not to provide any dividend payouts to its shareholders came after Bank Mayapada’s shareholders agreed to inject funds into the lender to strengthen its capital.

Business 5 years ago

State firm dividends rise as govt scrambles to rescue economy

The government has collected more than Rp 40 trillion (US$2.82 billion) in dividends from five major state-owned enterprises (SOEs) alone this year, while concurrently throwing a lifeline to ailing SOEs in a bailout program worth more than Rp 150 trillion.