Indonesia's 2025 Dividend Outlook: Payouts Expected to Hit US$19.7b Amid Decline
JAKARTA, investortrust.id – PT Mirae Asset Sekuritas Indonesia forecasts that total dividend payouts from companies listed on the Indonesia Stock Exchange will reach Rp 322.4 trillion (US$19.7 billion) in 2025. While substantial, this marks an 11.5% decrease from the 2024 record of Rp 364.2 trillion, driven by extraordinary payouts in the prior year.
Handiman Soetoyo, head of proprietary investment at Mirae Asset, emphasized the continued appeal of high-dividend stocks despite the decline.
“Eighty stocks across various sectors, excluding property, offer promising opportunities during this period of market uncertainty,” Handiman said during the firm’s "Media Day: January 2025" event on Tuesday, January 14, 2025.
Mirae Asset has pinpointed five companies expected to lead in dividend payouts per share, including PT BPD Jawa Timur Tbk (BJTM), PT Bank Rakyat Indonesia Tbk (BBRI), PT Bukit Asam Tbk (PTBA), PT Perusahaan Gas Negara Tbk (PGAS), and PT Trans Power Marine Tbk (TPMA).
These issuers are projected to significantly contribute to the overall dividend pool, reaffirming their appeal to income-focused investors.
Handiman attributed the projected decline in 2025 dividends to one-off factors in 2024, such as the special dividend of Rp 41.53 trillion distributed by PT Alamtri Resources Indonesia Tbk (ADRO).
Despite this, he assured investors that companies with a track record of high payouts are likely to maintain robust distributions, making them attractive amidst global trade tensions.
In 2024, dividends from IDX-listed companies reached a record Rp 364.2 trillion, a modest 1.9% year-on-year increase. This included interim distributions and dividends from the 2023 fiscal year.
Handiman encouraged investors to focus on high-dividend stocks for stability, particularly as global economic challenges persist.
“Dividend-paying stocks remain a reliable investment during times of uncertainty,” he said, noting that dividend seasons typically peak between March and June and in the fourth quarter.
Mirae Asset’s analysis underscores the importance of dividend stocks in providing steady returns while navigating evolving market dynamics.