March 2, 2007 – Santiago, Chile.
Quiñenco S.A. (LQ:NYSE) reported today that its Board of Directors has proposed a final dividend distribution of Ch$17,112,886,891, equivalent to Ch$15.84908 per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held at the end of April 2007.
At the Board of Directors’ meeting, which was held on March 1, 2007, the Board proposed that 31.66% of 2006 liquid net profits be distributed among its 1,079,740,079 common shares, as follows:
- A minimum legal dividend of Ch$16,214,769,891, equivalent to 30% of the 2006 liquid net income and
- An additional dividend of Ch$898,117,000, equivalent to 1.66% of 2006 liquid net income.
If the final dividend proposal is approved at the General Ordinary Shareholders Meeting, it will be payable on May 9, 2007.