PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM), widely known as Bank Jatim, is set to distribute a substantial dividend, capturing the attention of investors seeking high returns. The regional development bank announced a dividend yield of 9.6%, an impressive figure approximately four times higher than typical bank deposit interest rates.
According to Kompas.com, Bank Jatim will disburse a cash dividend totaling Rp 850.17 billion from its net profit for the fiscal year 2025. This significant payout represents 55% of the company’s total net profit. The decision was formally approved during the Annual General Meeting of Shareholders (AGMS) for the 2025 fiscal year, held in Surabaya on Wednesday, May 6, 2026.
Winardi Legowo, President Director of Bank Jatim, confirmed that the dividend amounts to Rp 56.62 per share. “At the 2025 Fiscal Year Annual General Meeting of Shareholders, Bank Jatim successfully distributed a dividend of Rp 56.62 per share, bringing the total dividend paid to shareholders to Rp 850.17 billion,” Winardi stated in an official release on Wednesday. This dividend per share of Rp 56.62 for fiscal year 2025 marks a continuation of the increase observed in the previous year, having risen from Rp 54.71 per share for fiscal year 2023.
On Thursday, May 7, 2026, at 2:15 PM Western Indonesia Time (WIB), BJTM‘s stock price stood at 590, remaining stagnant throughout the day. At this price, Bank Jatim‘s dividend yield indeed reached approximately 9.6%. This yield is exceptionally attractive, nearly quadrupling the rupiah deposit interest rates at Bank Jatim, which in 2026 were recorded between 2.6% and 2.75% per annum. Such an appealing yield positions BJTM stock as a prime target for high-dividend investors on the Indonesia Stock Exchange (IDX). Winardi highlighted that the consistent annual increase in dividends is a key factor sustaining investor interest in BJTM shares in the capital market.
BJTM’s Consistent Dividend History
Bank Jatim has demonstrated a strong track record of consistent dividend payouts to its shareholders over recent years. Here is the dividend history for BJTM over the last five fiscal years:
- Fiscal Year 2021: Rp 48.37 per share
- Fiscal Year 2022: Rp 52.31 per share
- Fiscal Year 2023: Rp 54.71 per share
- Fiscal Year 2024: Rp 56.62 per share
- Fiscal Year 2025: Rp 56.62 per share
Robust Performance in 2025
Throughout 2025, Bank Jatim demonstrated robust financial performance. The bank’s consolidated assets reached Rp 168.85 trillion, reflecting an impressive growth of 42.93% year-on-year (yoy). Consolidated net profit also saw a significant increase of 24.8%, reaching Rp 1.61 trillion. On a bank-only basis, Bank Jatim recorded assets of Rp 105.8 trillion, growing 3.7% yoy, with its net profit climbing 20.65% to Rp 1.54 trillion compared to the previous year.
Strategic Changes in Management Structure
During the AGMS, shareholders also approved several strategic changes to the nomenclature of director positions. The Director of Finance, Treasury & Global Services was renamed Director of Finance & Treasury. The Director of Mid-Market, Corporate & Network Business is now the Director of Mid-Market, Corporate & Institutional. Furthermore, the Director of Micro, Retail & Sharia Business was changed to Director of Retail & Sharia, while the Director of IT, Digital & Operations is now the Director of Information Technology, Digital & Operations.
Additionally, the AGMS endorsed the appointment of Andry Wicaksono as the new Director of Risk Management. In the board of commissioners, Moh. Nasih, previously a member of the Sharia Supervisory Board, was appointed Independent Commissioner. Abdullah Syamsul Arifin then assumed the role of Member of the Sharia Supervisory Board.
The meeting was attended by the Governor of East Java, Khofifah Indar Parawansa, who represented the controlling shareholder, the East Java Provincial Government. Governor Khofifah commended Bank Jatim‘s performance, stating, “Bank Jatim‘s financial performance throughout 2025 shows achievements that deserve appreciation.” She further noted that Bank Jatim successfully maintained its intermediation function while expertly balancing business expansion and asset quality amidst the dynamic landscape of the banking industry.
Summary
PT Bank Pembangunan Daerah Jawa Timur Tbk (Bank Jatim) is set to distribute a substantial cash dividend of Rp 850.17 billion, which represents 55% of its net profit for the fiscal year 2025. This translates to Rp 56.62 per share, offering an impressive dividend yield of 9.6% based on a stock price of Rp 590. This yield is approximately four times higher than typical bank deposit interest rates, positioning Bank Jatim as an attractive option for high-dividend investors.
The dividend payout was approved during the Annual General Meeting of Shareholders on May 6, 2026, following the bank’s robust financial performance in 2025. Bank Jatim reported a consolidated net profit of Rp 1.61 trillion, marking a 24.8% year-on-year increase, while consolidated assets grew by 42.93% to Rp 168.85 trillion. The bank has also demonstrated a consistent history of increasing dividend payouts to its shareholders over recent fiscal years.