Rancak Media, JAKARTA – A significant number of prominent companies listed on the IDX High Dividend 20 (IDXHIDIV20) index have commenced the distribution of their interim dividends for the 2025 fiscal year. This strategic corporate action is expected to inject positive sentiment, driving an upward trajectory in their respective stock prices.
Leading this wave of distributions is PT Bank Central Asia Tbk. (BBCA), which has announced an interim dividend of Rp55 per share for the 2025 fiscal year. In total, Indonesia’s largest private bank is set to disburse a substantial Rp6.77 trillion in interim dividends.
These cash interim dividends will be paid to shareholders of record as of December 4, 2025, at 4:00 PM Western Indonesian Time (WIB), which serves as the crucial record date for eligibility.
Hendra Lembong, President Director of BCA, affirmed the company’s dedication, stating in a written release on Monday (November 24, 2025), “The distribution of this cash interim dividend underscores the company’s unwavering commitment to consistently deliver sustainable added value to our shareholders, reflecting our robust and positive corporate performance.”
Another key constituent of the IDX High Dividend 20, PT Indo Tambangraya Megah Tbk. (ITMG), has also declared an interim dividend of Rp738 per share, with payment scheduled for November 26, 2025.
Prior to these announcements, other index heavyweights had already completed their distributions. PT United Tractors Tbk. (UNTR) disbursed an interim dividend totaling Rp2.05 trillion, or Rp567 per share, to its investors. Similarly, PT Astra International Tbk. (ASII) proceeded with an interim dividend distribution of Rp98 per share, amounting to Rp3.96 trillion.
Adding to the dividend enthusiasm, PT Unilever Indonesia Tbk. (UNVR) has also outlined plans to distribute an interim dividend this year. Neeraj Lal, Director of Unilever Indonesia, elaborated on the company’s firm commitment to a 100% dividend payout ratio. This distribution will unfold in two distinct phases: one at the close of the current year and the final portion by mid-2026.
“We are committed to delivering a 100% dividend payout to our shareholders,” Lal affirmed recently. “We execute this through an interim dividend, followed by a final dividend in the middle of next year.”
In tandem with this robust interim dividend momentum, the overall performance of the IDX High Dividend 20 index has seen a significant uplift. According to data from the Indonesia Stock Exchange (BEI), the IDX High Dividend 20 has registered a commendable 3.99% gain over the past month of trading.
On Monday (November 24, 2025), the index notably strengthened by 1.6% during today’s trading session, moving firmly into the green zone. This performance contributes to a 1.26% surge year-to-date (YTD) since the initial trading day of 2025.
Individual constituent stock prices within the IDX High Dividend 20 have also steadily climbed. BBCA shares, for instance, advanced by 2.42% over the last month. During the same period, ASII‘s stock price appreciated by 2.37%, while UNVR demonstrated a particularly strong ascent, climbing 18.14%.
Market analysts are highly positive about these developments. Maximillianus Nico Demus, Associate Director of Research and Investment at Pilarmas Investindo Sekuritas, emphasized that these interim dividend distributions serve as a potent signal from issuers to market participants and investors alike, indicating robust and healthy corporate cash reserves.
“Naturally, this trend will significantly attract market participants and investors,” Demus noted. “A high dividend yield invariably encourages them to re-enter the market, seeking attractive returns.”
Echoing this sentiment, Nafan Aji Gusta, Senior Market Chartist at Mirae Asset Sekuritas, previously highlighted that the interim dividend distributions could strategically be leveraged to bolster the performance recovery of the IDX High Dividend 20.
“This is particularly relevant given that the stock prices of many IDX High Dividend 20 constituents currently remain below their intrinsic fair value,” Nafan added.
Summary
A significant number of companies within the IDX High Dividend 20 (IDXHIDIV20) index are distributing interim dividends for the 2025 fiscal year, a move expected to boost positive market sentiment and stock prices. Leading this trend, PT Bank Central Asia Tbk. (BBCA) announced an interim dividend of Rp55 per share, totaling Rp6.77 trillion, with a record date of December 4, 2025. Other key constituents like PT Indo Tambangraya Megah Tbk. (ITMG), PT United Tractors Tbk. (UNTR), PT Astra International Tbk. (ASII), and PT Unilever Indonesia Tbk. (UNVR) have also announced or completed their interim dividend distributions.
This robust interim dividend momentum has positively impacted the IDX High Dividend 20 index, which recorded a 3.99% gain over the past month and a 1.26% surge year-to-date. Individual stock prices within the index, such as BBCA, ASII, and UNVR, have also seen steady climbs. Market analysts view these distributions as a strong signal of healthy corporate cash reserves, attracting investors seeking attractive returns and potentially aiding the recovery of undervalued IDXHIDIV20 stocks.
