Ecopetrol S.A. Announces Dates for the First Dividend Payment and Ex-Dividend Period
April 08, 2010 at 18:30 PM EDT
BOGOTA, April 8 /PRNewswire-FirstCall/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; BVL: EC) has announced that the first payment of COP$31 per share as a dividend for 2010 will be paid from April 26, 2010. The ex-dividend period begins on April 12, 2010.
Pursuant to External Circular No. 13 of 1998 of the Securities Superintendence of Colombia, the-ex dividend period consists of the ten (10) stock market business days immediately preceding the relevant dividend payment date. Anyone buying stock during the ex-dividend period will not be entitled to the dividend. Stockholders who are registered holders of shares prior to the beginning of the ex-dividend period will be entitled to the dividend payment from that date.
The total dividend payment of COP$91 per share for 2010 was approved by the Company's General Shareholders' Meeting on March 25, 2010, to be paid in three installments of COP$31, COP$30 and COP$30.
Ecopetrol is Colombia's largest integrated oil company and is among the top 40 oil companies in the world and the four largest oil companies in Latin America. Besides Colombia, where it accounts for 60% of total production, the Company is involved in exploration and production activities in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol has the principal refinery in Colombia, most of the network of oil and multiple purpose pipelines in the country, and it is considerably increasing its participation in biofuels.
This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Ecopetrol. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, among other factors; therefore, they are subject to change without prior notice.
Contact us for any additional information: Investor Relations Alejandro Giraldo Phone: +571-234-5190 Email: firstname.lastname@example.org Media Relations (Colombia) Mauricio Tellez Phone: +571-234-5377 Fax: +571-234-4480 Email: email@example.com Website: www.ecopetrol.com.co
SOURCE Ecopetrol S.A.