The AGMS has the authority to determine the amount of dividends we pay. We paid dividends at the rate of 55%, 70%, 55%, 55% and 55% of our net income for the year 2006, 2007, 2008, 2009 and 2010 respectively. On December 1, 2010, we decided to pay an interim distribution of cash for 2010 of Rp26.75 per share which was paid on December 30, 2010 of Rp276,072 million and on January 10, 2011 of Rp250,085 million. Our past dividend payouts are illustrated in the table below.
History of TELKOM Common Stock Dividend Payments
We pay cash dividends on our Common Stock in line with the resolutions of the AGMS, as follows:
Dividend Year
Date of AGMS
Pay Out Ratio(%)(1)
Amount of Dividends(Rp.Million)
Dividen per Share (Rp)
2005
June 30,2006
55
4,400,090
218.86
2006
June 29,2007
55
6,053,0672
303.21
2007
June 20,2008
70
8,999,9133
455.87
2008
June 12,2009
55
5.840.708
296.94
2009
June 11,2010
55
5,666,070(4)
261.42
2010
May 19,2011
55
6,345,349(5)
295,84
Represents the percentage of net income paid to shareholders as a dividend
Including interim cash dividend paid in November 2006 amounting to Rp.971,017 million.
Including interim cash dividend paid in December 2007 amounting to Rp.965,398 million.
Including interim cash dividend paid in December 2009 amounting to Rp.524,190 million.
Including interim cash dividend paid in December 2010 amounting to Rp526,157 million.
Pursuant to our AGMS in June 2010, Telkomsel approved the payment of a cash dividend of Rp9,212.2 billion which represented 70% of Telkomsel’s net profit in 2009. 35% of this dividend was paid to SingTel Mobile, Telkomsel’s largest minority Shareholder. In 2008, 2009 and 2010, cash dividends were paid to SingTel Mobile, a minority shareholder of Telkomsel, amounting to Rp3,332.5 billion, Rp2,518.2 billion and Rp3,261.3 billion, respectively.
