Companies Queue Up to Distribute Dividends, Analysts Reveal Most Attractive Stocks

Several listed companies are preparing to distribute dividends to shareholders. The cum date period runs from 27 April to 30 April 2026. The list of companies includes PT Bank CIMB Niaga Tbk (BNGA), PT Alamtri Minerals Indonesia Tbk (ADMR), PT Alamtri Resources Indonesia Tbk (ADRO), PT Indo Tambangraya Megah Tbk (ITMG), PT Dharma Polimetal Tbk (DRMA), PT Astra Otoparts Tbk (AUTO), and PT Bank Maybank Indonesia Tbk (BNII). Other names on the list include PT Mulia Boga Raya Tbk (KEJU), PT Adiwarna Anugerah Abadi Tbk (NAIK), PT Pertamina Geothermal Energy Tbk (PGEO), PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ), PT Central Omega Resources Tbk (DKFT), and PT Kedawung Setia Industrial Tbk (KDSI). “BNGA and AUTO are quite attractive because they offer relatively high yields with stable fundamentals, particularly from the banking and automotive sectors. Meanwhile, ADRO and PGEO not only offer yields but also have exposure to the energy sector, which is still supported by strong demand,” said Alrich to Kontan on Friday (24/4/2026). The second approach focuses on fundamentals for the long term. ADRO is considered attractive due to its transition to green energy and business diversification. PGEO has strong prospects from geothermal energy. ITMG remains a choice in the coal sector despite its cyclical nature. The outlook for commodity sectors like ADRO, ADMR, and ITMG is seen as moderately stable. Coal prices are moving steadily or weakening compared to previous peaks. Global demand still exists but is not as strong as during the supercycle period. The main risk comes from a decline in average selling price or ASP, which pressures margins. Solid cash flows remain a support. Companies still have the opportunity to distribute dividends even if the value potentially decreases. The domestic consumption sector is still strong. This condition supports stocks like AUTO, DRMA, and KEJU. People’s purchasing power is relatively maintained despite inflationary pressures. Commodity sectors like ITMG, ADRO, and ADMR still show healthy margins as long as ASP is maintained. “On the other hand, PGEO and DRMA have catalysts from the energy transition trend, including electric vehicle (EV) development and the government’s net zero emission targets,” added Nafan.