Executive Summary

Key insights and market outlook

PT Bank Mandiri (Persero) Tbk (BMRI) will distribute an interim dividend of Rp100 per share, totaling approximately Rp9.3 trillion based on 93.3 billion outstanding shares ¹

²³. This marks the bank's first interim dividend distribution in several years, signaling strong financial performance despite the stock price being down 11% year-to-date ¹. The payout is expected to provide positive returns to shareholders while maintaining sufficient capital for business expansion.

Full Analysis

02

Deep Dive Analysis

Bank Mandiri Distributes Rp9.3 Trillion Interim Dividend

Significant Shareholder Return Initiative

PT Bank Mandiri (Persero) Tbk (BMRI) has announced an interim dividend distribution of Rp100 per share, amounting to approximately Rp9.3 trillion based on the company's 93.3 billion outstanding shares ¹

²³. This significant payout represents the bank's first interim dividend in several years, demonstrating confidence in its financial stability and commitment to shareholder returns.

Financial Implications

The decision to distribute the interim dividend was made following approval from the Board of Commissioners on December 18, 2025 ²

. Company Secretary Adhika Vista explained that the calculation considered the number of treasury shares following the share buyback program. The payout is not expected to materially impact the bank's operational activities, financial condition, or business continuity ².

Strategic Considerations

This dividend distribution comes despite BMRI's stock price declining by 11% year-to-date ¹

, suggesting the bank is committed to providing shareholder value even during periods of market volatility. Bank Mandiri's dividend policy is designed to balance shareholder returns with capital requirements for future business expansion. The bank maintains a target dividend payout ratio of around 60%, considering factors such as capital adequacy, business plans, and shareholder aspirations ².

Market Context

The announcement demonstrates Bank Mandiri's strong financial position and its ability to generate substantial returns for shareholders. As Indonesia's largest bank by assets, this decision sets a positive precedent for the banking sector while reflecting the bank's confidence in its financial performance.

References