Quiñenco S.A. reported today that its Board of Directors has proposed a final dividend distribution of Ch$43,982,927,308 equivalent to Ch$32.71133 per share. The proposal will be put forth at the Company‘s Ordinary Shareholders Meeting to be held at the end of April 2012.
At the Board of Directors‘ meeting, which was held on April 5, 2012, the Board proposed that 50.00% of 2011 Net income attributable to parent company shareholders (“2011 liquid net income”) be distributed, composed of:
- A minimum legal dividend of Ch$26,389,759,074, equivalent to 30.00% of 2011 liquid net income and
- An additional dividend of Ch$17,593,168,234, equivalent to 20.00% of 2011 liquid net income.
If the final dividend proposal is approved at the Ordinary Shareholders Meeting, it will be payable as of May 7, 2012