LPPF, ADRO, and UNTR Collectively Distribute Dividends: Here's the Potential Yield

Several top-tier listed companies have collectively announced plans to distribute dividends for the 2025 fiscal year. Emitters such as PT Matahari Department Store Tbk (LPPF), PT Adaro Energy Indonesia Tbk (ADRO), and PT United Tractors Tbk (UNTR) are offering attractive yield potential for retail investors. The dividend amounts vary, with some emitters recording high payout ratios approaching their entire net profit. These dividend distribution decisions were approved at the Annual General Meeting of Shareholders (AGMS) on 15 April 2026. The LPPF dividend distribution is based on net profit of Rp 725.37 billion as of 31 December 2025, with retained earnings of Rp 3.84 trillion. In the market, LPPF shares rose 0.78% to Rp 1,940 per share, reflecting a positive response to the dividend distribution. ADRO approved a dividend of US$447.5 million, equivalent to 99.96% of its 2025 fiscal year net profit. Part of the dividend has been paid as interim at US$250 million (Rp 145.14 per share) on 15 January 2026, while the remainder of US$197.5 million will be distributed as final dividend. Based on estimates, the final dividend could be around Rp 117 per share. With a share price of Rp 2,530, the final dividend yield is estimated at around 4.6%. Amid the large dividend distribution, ADRO’s 2025 performance faced pressure, with net profit falling 67% to US$447.69 million, in line with revenue declining to US$1.87 billion. The company set a total dividend of Rp 1,663 per share, equivalent to Rp 5.92 trillion from net profit of Rp 14.8 trillion. This amount includes the interim dividend of Rp 567 per share paid in October 2025, leaving a final dividend of Rp 1,096 per share. The final dividend will be distributed to shareholders recorded on 28 April 2026 and scheduled for payment on 18 May 2026. With the share price at Rp 31,525, UNTR’s potential dividend yield is estimated at 5.28%, making it one of the highest among major emitters.