The Ercros board of directors has agreed to propose to the shareholders meeting a new dividend payment of EUR 9.6 cents per share, which would be effective on July 10, 2024. The proposed dividend represents a disbursement for the company of EUR 8.78 million, equivalent to 32.7% of the profit obtained by the Company in 2023.
This new proposal improves by 2.6 cents per share the proposal of 7 cents that was initially approved by the board when it formulated the annual accounts for 2023, on February 23, 2024. At said meeting, in accordance with the Ercros shareholder remuneration policy for the last financial year, the board proposed allocating 23.9% of the 2023 result to the payment of dividends and 8.6% to the purchase of treasury shares to amortize. In total a payout of 32.5%.
Attachments
Original Link
Permalink
Disclaimer
Ercros SA published this content on
07 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
07 May 2024 06:44:07 UTC.
Ercros SA is a Spain-based company engaged, together with its subsidiaries, in the chemical industry. The Companyâs products are structured into three business lines: Businesses Associated to Chlorine, which comprises the production of chlorine, ethyl acetate, caustic soda, sodium hypochlorite, dichloroethane, chloromethane, sodium chlorate and caustic potash, polyvinyl chloride (PCV), as well as water disinfectants; Intermediate Chemicals, which produces formaldehyde, glues and resins for the fiberboard and plywood industries, and Pharmaceuticals, which comprises raw material and intermediate products used in the pharmaceutical industry. The Company owns such subsidiaries as Marcoating SLU, Gades Ltd and Ercekol AIE, among others. In April 2014, it sold Fosfatos de Cartagena SLU to Timab Iberica.
ERCROS, S.A. 
