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​Dividends per share​

As provided by ISA's dividends policy, and in consideration of the Corporate Bylaws and Corporate Governance Code, as well as by Shareholders' Assembly decision, dividends are paid per share in proportion to the Company's financial results.ReparticionDividends2016_EN.JPG

Dividends payments | 2017

 ​  Payment Date
$392 per share
Ex dividend​ date
​Initial Date Ending Date
​  ​ ​
July 25, 2017 July 18, 2017 ​July 24, 2017
​December 12, 2017 ​December 05, 2017 ​December 11, 2017

 

Dividends payments | 2010 - 2016

Period Declaration Dat​e Payment
Date
Type of
Dividend
COP/Share Total
Dividends
Total
Dividends
Decreed
(COP millon)
2010 03/29/2010 04/19/2010
07/19/2010
10/19/2010
01/27/2011
Ordinary $ 40
$ 40
$ 40
$ 40
$160 $177.228
2011 03/31/2011 ​04/18/2011
07/18/2011
10/18/2011
01/27/2012
Ordinary $ 43
$ 43
$ 43
$ 43
$172 $190.521
2012 03/30/2012   06/26/2012 Ordinary $179 $179 $198.274
2013 ​03/22/2013 06/04/2013 Ordinary $188 $188 $208.243
2014 03/28/2014 ​07/21/2014
09/22/2014
Ordinary
Extraordinary
$196
$18
$214 $237.043
2015 ​03/27/2015 ​04/28/2015


07/28/2015


10/27/2015


12/10/2015
Ordinary
Extraordinary

Ordinary
Extraordinary

Ordinary
Extraordinary

Ordinary
Extraordinary
$ 52
$ 15

$ 52
$ 15

$ 52
$ 15

$ 52
$ 15
$268 $296.858
2016 ​31/03/2016 ​26/07/2016


15/12/2016
Ordinary
Extraordinary

Ordinary
Extraordinary
$ 114
$ 30

$ 114
$ 30
$228 $319.011

 

 

 

​ 

​Policy

Every shareholder is entitled to receive as dividend a part of the company profits proportional to the number of shares held by the shareholder. For purposes of distributing profit, as provided by articles 155 and 454 of the Code of Commerce, realized profit shall be computed through the following procedure: (a) From the Corporation's profits taken from actual and accurate financial statements of each fiscal period, subtract the amounts corresponding to: (i) losses from previous periods (if any), (ii) legal reserve, (iii) tax appropriations; (b) To the balance calculated apply the percentages determined by the aforementioned articles of the Code of Commerce. The resulting amount shall be the minimum amount to be distributed as dividends each period; (c) Balances remaining after distribution of minimum dividends shall be at the disposal of the Shareholders' Meeting for statutory and discretionary reserves or to be distributed as dividends in addition to the minimum dividends established by letter b) above.

Articles 155 and 454 of the Code of Commerce

 

- Article 155 - Approval for the distribution of profits. Amended by Article 240 of Law 222 of 1995. Except when the articles of incorporation provide for a higher majority to decide, profit distribution shall be approved by the Shareholders’ Meeting or the Partners Meeting with the favorable vote of a plural number of members representing at least 78% of shares or participation stock present at the meeting.

 

When no majority is obtained in the manner provided above, at least 50% of the realized profit, or of its balance, shall be used to absorb losses from previous fiscal years, if any. Corresponding ruling: 110 ord. 8o, 150. 151, 187 ord. 3, 332, 371, 381, 454; C. Civil 2092 to 2096.

 

 - Article 454 - When the aggregate of legal, statutory and occasional reserves exceeds one hundred percent (100%) of subscribed capital, the mandatory percentage of realized profit to be distributed by the company according to Article 155, shall be seventy percent (70%).

2017 Decreed Dividend

2016 period 

ISA’s Regular Shareholders’ Meeting held on March 31, 2017 approved the proposition for appropriation and distribution of profits regarding the 2016 period. The proposal is based on giving an ordinary dividend of COP 248 per share and an extraordinary dividend of COP 144 per share, for a total of COP 392 per share which represents a 36% growth against last year.

ISA’s net income during the period was COP 2.141.460 million while the net profit was COP 2.054.617​ million. 

Related Information 

 

Decree 4766 of december 14, 2011 (58 KB).pdf

 

Procedure to apply the trade and industry tax (ica) withholding on dividends (56 KB).pdf