Ecopetrol to Pay Dividend to Shareholders

Instant Max AI

(Energy Analytics Institute, Piero Stewart, 25.Mar.2015) – Ecopetrol’s shareholder assembly approved a dividend equivalent to 70 percent of the 7.81 billion peso profit obtained in 2014.

The total dividend was for 5.47 billion or 133 pesos per share, of which 4.8 billion was destined for the government and 0.670 billion pesos was destined for minority shareholders, reported the daily newspaper El Tiempo.

In comparison to 2013, the 397,122 minority shareholders at 31 December 2014, the 2014 dividend was 0.560 billion pesos or 45.5 percent lower than the prior year.

At 31 December 2013, Ecopetrol had 425,840 shareholders. However, by 31 December 2014, an estimated 28,700 Ecopetrol shareholders had sold their shares, leaving 397,122 shareholders.

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