Keep in mind that dividend payments are made through your Brokerage Firm; please contact them should you have any concerns regarding this payment.
2022 Earnings Distribution
Among the points submitted for consideration by the highest corporate body, stands out the approval by ~95.42% of the shares represented, of the management’s proposal on the distribution of profits, which establishes the distribution of an ordinary dividend of four hundred and eighty-seven pesos (COP $ 487) per share and an extraordinary dividend, equivalent to one hundred and six pesos (COP $ 106) per share, for a total dividend of five hundred and ninety-three pesos (COP $ 593) per share. This dividend is the highest in history, equivalent to a total distribution of COP$24,382,199,951,286.
The dividend payment to minority shareholders will be made in three equal installments, as follows: April 27, September 28 and December 21, 2023. In the case of dividends to be paid to the majority shareholder, the plan is to offset the dividends to be paid to the majority shareholder against the balance of the account receivable from the majority shareholder, in relation to the Fuel Price Stabilization Fund (FEPC) for the second, third and a portion of the fourth quarter of 2022, no later than December 31, 2023.