The General Shareholders´ Meeting approved at its ordinary meeting held on March 21, 2024‚ to distribute as dividends sixty five thousand five hundred twenty-nine million one hundred seventy one thousand four hundred eighty-six pesos (COP$65,529,171,486). The total amount decreed corresponds to an annual dividend of COP$50.49 per share.
The decreed dividend will be paid in four installments as follows:
a. One installment on April 9, 2024, of $7,571,445,337
b. One installment on July 9, 2024, of $7,571,445,337
c. One installment on October 8, 2024, of $25,193,140,406, and
d. An installment on December 10, 2024, of $25,193,140,406.
For shareholders who are not tax residents in Colombia, the dividend will not be taxed with income tax, dividend tax or industry and commerce tax.
By virtue of the application of the CHC regime (Colombian Holding Companies), for national shareholders the dividends will not be taxed with income tax, but with dividend tax and industry and commerce tax at the rate that corresponds to legal or natural persons according to the case and in accordance with the guidelines of the Tax Statute.
