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PT Multi Spunindo Jaya Tbk manufactures and markets nonwoven materials in Indonesia and internationally. The company offers polypropylene, polyester (PET), polyethylene (PE), bicomponent PET/PE, biodegradable, and 3D embossed spunbond materials; meltblown and spunmelt materials; and ready-made nonwoven composite materials for use in personal care and hygiene, medical, agriculture and horticulture, geotextile, building and construction, automotive, household and furnishing, filtration, clothing and shoes, absorbent and wiping materials, packaging and miscellaneous, and FRP pipe industries. It also engages in the plastic recycling industry and trading activities. The company was founded in 1997 and is based in Sidoarjo, Indonesia. PT Multi Spunindo Jaya Tbk is a subsidiary of PT Maju Selaras Jayamerta.

Multi Spunindo Jaya Dividend Announcement

Multi Spunindo Jaya announced a annually dividend of Rp5.00 per ordinary share which will be made payable on 2024-07-19. Ex dividend date: 2024-06-28
Multi Spunindo Jaya annual dividend for 2024 was Rp5.00
Multi Spunindo Jaya's trailing twelve-month (TTM) dividend yield is 20548.17%

Multi Spunindo Jaya Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-28Rp5.00annually2024-07-19

Multi Spunindo Jaya Dividend per year

Multi Spunindo Jaya Dividend Yield

Multi Spunindo Jaya current trailing twelve-month (TTM) dividend yield is 20548.17%. Interested in purchasing Multi Spunindo Jaya stock? Use our calculator to estimate your expected dividend yield:

Multi Spunindo Jaya Financial Ratios

P/E ratio0.00
PEG ratio0.00
P/B ratio0.00
ROE7.75%
Payout ratio0.00%
Current ratio2.39
Quick ratio1.95
Cash Ratio1.17

Multi Spunindo Jaya Dividend FAQ

Does Multi Spunindo Jaya stock pay dividends?
Multi Spunindo Jaya does not currently pay dividends to its shareholders.
Has Multi Spunindo Jaya ever paid a dividend?
No, Multi Spunindo Jaya has no a history of paying dividends to its shareholders. Multi Spunindo Jaya is not known for its dividend payments.
Why doesn't Multi Spunindo Jaya pay dividends?
There are several potential reasons why Multi Spunindo Jaya would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Multi Spunindo Jaya ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Multi Spunindo Jaya has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Multi Spunindo Jaya a dividend aristocrat?
Multi Spunindo Jaya is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Multi Spunindo Jaya a dividend king?
Multi Spunindo Jaya is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Multi Spunindo Jaya a dividend stock?
No, Multi Spunindo Jaya is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Multi Spunindo Jaya stocks?
To buy Multi Spunindo Jaya you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Multi Spunindo Jaya stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.