On April 26, 2016, when I checked my email, suddenly I received an email notification from my securities office about corporate action information. I got dividends from PT Perusahaan Gas Negara (PGAS). Here is the proof.
For information, PGAS does distribute cash dividends of Rp. 91.32 per share, with details as follows.
Cum Date : April 15, 2016
Ex Date : April 18, 2016
Recording Date : April 20, 2016
Payment Date : May 12, 2016
Dividend per Share : Rp91.32
Each issuer that will distribute dividends must provide the information as stated above. From these data, there are 3 important information that you should pay attention to: Cum date, Ex date, and payment date.
Cum date is the last day on which you are entitled to receive dividends. So, if the cum date is April 15, 2016, the last time you can receive cash dividends is April 15, 2016 at 16.15 until the market closes.
Ex date is the day when you are no longer entitled to receive dividends. The distance between the cum date and the ex dividend date is always 1 day. If you see, the cum date and ex date of PGAS above are actually 3 days apart, not 1 day. This is because April 16 and 17 2016 are Saturdays and Sundays. Anyway, the distance between cum and ex date is always 1 day. So, if you buy shares on April 18, 2016, which is on the cum date, then you will not get dividends.
Payment date / distribution date. Is the date on which the issuer pays dividends to its shareholders. The distance between the cum date and the payment date is usually almost 1 month difference. If you are already entitled to dividends, you just have to wait for the company to pay dividends to your securities account. You don't have to do anything.
In addition, you need to note that if you want to get dividends, you just have to buy the shares through transactions in the REGULAR MARKET. You don't have to register anything, fill out forms and so on. Just click your buy mouse, and buy stocks before the ex date.
So who is entitled to dividends? Are the old shareholders? Is it the majority shareholder?
No
As I explained, those who are entitled to receive dividends are those of you who own the shares until the cum date. Suppose you hold PGAS shares starting in 2013, then you do not sell until the cum date, then you are entitled to dividends. If you just bought on the cum date, you are also entitled to dividends.
If you own shares and then sell the shares on the ex date, i.e. on April 18, 2016, for example, you are still entitled to dividends. However, if you buy and you sell on the cum date, then you are NOT entitled to dividends. Because those who are entitled to dividends are those who keep the shares and do not sell them until the cum date.
That's the information I can give you about the distribution of cash dividends and how to read the correct dividend information. Dividends are distributed through the resolutions of the General Meeting of Shareholders (GMS). The amount of dividends distributed by each company must be different. Companies generally pay dividends if they make a profit.
However, NOT ALWAYS profitable companies distribute dividends. Usually companies that decide not to distribute dividends, because they want to expand or other reasons. If the company suffers a loss, according to the rules of the Indonesia Stock Exchange (IDX), it is not allowed to distribute dividends. Companies that regularly distribute dividends, and the amount of dividends per share is quite large, are usually blue chip companies with established performance, such as BBCA, BBRI, UNVR and others.
Then, where can I get information about dividend distribution? If I usually look through the site: Ksei.co.id. You can see here how to get dividend information at KSEI: How to Find Dividend Announcement.
Usually related to this dividend, many colleagues ask: "Brother Heze, how do I know if I have received dividends? Should I go to the company? Or should I register first?"
No need. The dividends you receive are AUTOMATICALLY into your stock account on the payment date. Back to the PGAS example, where the payment date is May 12. So, on May 12, your dividend rights will automatically enter your stock account. You can check your account balance.
If you want to withdraw the value of the dividend you received to your ATM account, then you just have to click the withdraw button for the amount of money you want to withdraw.
But you need to remember, the dividends you receive will be deducted by 10% income tax. So let's say you get a dividend of IDR 5 million, then the value of the dividend you receive at the payment date is not IDR 5 in full, but has been deducted by 10% tax to IDR 4.5 million.
