BOGOTA, Colombia, Aug. 6 /PRNewswire-FirstCall/ -- Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; BVL: EC) has announced that the second payment of COP$30 per share as ordinary dividend for 2010 will be paid from August 25, 2010. The ex-dividend period begins on August 10, 2010.
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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 at 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: |
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Investor Relations |
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Claudia Trujillo |
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Phone: +571-234-5190 |
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Email: [email protected] |
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Media Relations (Colombia) |
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Mauricio Tellez |
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Phone: + 571-2345377 |
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Fax: +571-2344480 |
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Email: [email protected] |
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Website: www.ecopetrol.com.co |
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SOURCE Ecopetrol S.A.
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