Jakarta—Shares of renewable energy issuer PT Barito Renewables Energy Tbk (BREN) ended significantly higher by 13.33% at 8,500 in trading ahead of the weekend on Friday, December 6.
BREN shares were also the main driver of the Indonesia Composite Stock Price Index (IDX Composite) Friday by 38.05 index points. The IDX Composite Friday strengthened 0.95% at 7,382.78.
With Friday’s strengthening, Barito Renewables Energy shares have recorded a five-day upward rally. During the week, the shares of this Prajogo Pangestu conglomerate issuer have gained 28.3%.
This week, Barito Renewables Energy announced plans to distribute interim dividends worth IDR 506 billion, equivalent to IDR 3.78 per share.
BREN’s management, in a statement to the Indonesia Stock Exchange (IDX), stated that the decision to distribute the interim dividend was made at a meeting of the company’s board of directors, which was approved through a circular decision of the board of commissioners on December 2, 2024.
Previously, in June 2024, BREN distributed a final cash dividend of Rp2.03 per share. Thus, the total dividends distributed this year amounted to IDR5.81 per share. (hs)
