IVL Promises Dividend Every Quarter, Kicking off with ฿0.35, XD Dec. 3
IVL has initiated the plan to pay a quarterly dividend, starting from ฿0.35/share, XD on December 3, 2018. Meanwhile, its Boards also approved its subsidiary to further acquire the remaining 26% equity stake in PT Indorama Petrochemicals.
According to the Board of Directors’ Resolution, Indorama Ventures Public Company Limited (IVL) will commence the initiation of quarterly dividend payment, starting from the payment of the quarterly interim dividends with effect from Q3/2018 performance at ฿0.35/share. Ex-dividend date is on December 3, 2018 and the payment shall be paid on December 18, 2018.
The quarterly dividend payout will allow IVL to spread its total dividend payments more evenly across the year. The dividends will align better with the cash flow of IVL.
Moreover, the Board of Directors has also approved Indorama Netherlands B.V. (INBV), IVL’s indirect subsidiary, to further acquire the remaining 26% equity stake in PT. Indorama Petrochemicals (PTIP), a PTA manufacturing plant in Indonesia from PT. Indo-Rama Synthetics Tbk., a connected party.
