March 6, 2009 – Santiago, Chile.
Quiñenco S.A. reported today that its Board of Directors has agreed to propose a final dividend distribution of Ch$69,819,244,275 equivalent to Ch$61.00 per share. The proposal will be put forth at the Company’s General Ordinary Shareholders Meeting to be held at the end of April 2009.
At the Board of Directors’ meeting, which was held on March 5, 2009, the Board proposed that 30.08775% of 2008 net profits be distributed, composed of:
- A minimum legal dividend of Ch$69,066,947,641, equivalent to 30% of the 2008 liquid net income and
- An additional dividend of Ch$752,296,634.
If the final dividend proposal is approved at the General Ordinary Shareholders Meeting, it will be payable as of May 8, 2009.