PT Lippo Karawaci announced a decrease in its dividend for the year ended Dec. 31, 2016.

For the financial year of 2016, the company announced a dividend of 1.94 Indonesian rupiah per share, which will lead to it making a total dividend distribution of 44.2 billion rupiah, down from the 3.51 rupiah per-share dividend and total 80 billion rupiah paid out in the previous year.

As of March 24, US$1 was equivalent to 13,297.00 Indonesian rupiah.