PT Sarana Menara Nusantara Tbk ("SMN") has announced an interim cash dividend in the amount of Rp 306 billion or Rp30 per share for the financial year 2017. The dividend will be distributed on December 22, 2017 to SMN shareholders of record as of December 14, 2017.
"2017 has been a year of solid organic growth for SMN with the most new tower leases signed since 2014”, stated Mr. Ferdinandus Aming Santoso, the President Director of SMN and SMN's subsidiary Protelindo. “It is our intention to create shareholder value through the pursuit of our balanced “Build, Buy and Return” strategy that will allow us to continue supporting capital expenditures and M & A opportunities while allowing for dividend returns to shareholders. This marks the first time SMN has paid an interim dividend.” Mr. Santoso remarked that, “We are confident that our strong financial position will enable us to increase our total dividend payout for fiscal year 2017."
SMN made its first dividend payment of Rp 700 billion for fiscal year 2016. SMN is planning to announce the full year dividend payment for the financial year 2017 before mid-2018. It is expected that the financial year 2017 dividend payment will be higher than the financial year 2016 dividend as supported by SMN’ s balance sheet and strong cash flow generating capacity.
CLICK HERE to download the Announcement on the Schedule and Procedure for Distribution of Interim Cash Dividends for Financial Year 2017