Ecopetrol Board Approves Earnings Distribution Proposal for FY12
Ecopetrol S.A. (NYSE: EC) announces its earnings distribution proposal for 2012 that was approved by the company's Board of Directors and will be presented to the General Shareholders Assembly for its consideration on March 21, 2013.
o The plan calls for 70.02% of 2012 net earnings to be distributed as ordinary dividend, and an additional 9.89% of 2012 net earnings as extraordinary dividend. o The ordinary dividend would be COP$255.00 per share and the extraordinary dividend would be COP$36.00 per share. o Total dividend per share would be COP$291.00.
The number of dividend payments will be decided by the Shareholders Assembly.
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