No. Ratios 2016 2015 Diff.

TESTS OF DIVIDEND POLICY

25 Dividend Yield (%) 0,02 0,07 -0,05

Dividend yield is a financial ratio that measures the amount of cash dividends
distributed to the common shareholders relative to the market value per share.
Investors use the dividend yield formula for calculating the cash flow they get from
their investments in stocks. A dividend yield is high or low relative to industrial
companies. It also depends on the company's dividend policy. Dividend yield of the
above data shows that it declined slightly from the previous year, with a difference of
only 0,05%. The dividend yield can be considered unstable because of the number
decreased significantly. This reflects that the dividends paid from the company each
year relative to its share price did not decrease significantly. So, the company should
benefit more in order to achieve a better return on investment for shares
26 Dividend Payout (%) 44,01 44,19 -0,18
The dividend payout ratio measures the percentage of net income distributed to
shareholders in dividends during the year. Because investors want to see a
sustainable flow of dividends from a company, the dividend payout ratio analysis is
important. A consistent trend in this ratio is usually more important than high or low
ratio. Regarding the ratio analysis prior to the Dividend Yield, Samudera Indonesia
has decreased its payout percentage from 44,19% in 2015 to 44,01% in 2016.