Over the past five years, several issuers listed on the Indonesia Stock Exchange (IDX) have demonstrated a positive trend in the form of consistently rising dividends. This development has caught the attention of investors, especially those seeking passive income and long-term stability. Even as global economic conditions frequently fluctuate, these companies have still managed to increase their dividends year after year.

The ability of issuers to maintain dividend growth is supported by a combination of strong fundamentals, long-term business strategies, and disciplined financial management.

Stable profit growth remains the main driver. Issuers capable of increasing dividends typically operate in sectors with recurring revenue streams, such as consumer goods, telecommunications, and banking. Demand that remains resilient despite economic shifts helps strengthen corporate earnings.

Additionally, many companies classified as dividend growers are those with mature business models and strong market positions. Since they no longer require significant capital expenditure, a portion of their profits can be distributed to shareholders. Internal policies that favor dividend distribution are also common, especially for companies aiming to maintain a reputation for stable dividend payouts.

Analysts also highlight the role of operational efficiency. Capacity expansion, optimized distribution, and digitalization strategies support margin growth, which in turn contributes to annual dividend increases.

Moreover, businesses less dependent on economic cycles tend to have more stable dividend distributions. Essentials, telecommunications services, and utilities generally experience steady demand even during economic downturns.

Company policies that keep payout ratios at healthy levels also help ensure sustainable dividend payments. By maintaining a measured payout portion, issuers can raise dividend amounts gradually without jeopardizing financial health.

This five-year dividend growth trend serves as a positive signal for long-term investors. Besides offering passive income, these stocks typically present lower risk due to strong fundamentals.

Below is CNBC Indonesia Research’s record of 11 stocks with consistent dividend growth over the past five years.

📊 Tabel: Saham Dengan Dividen yang Terus Tumbuh 5 Tahun