Cementos Argos Approves Dividends of $580 Per Share and Expands Share Buyback Program to $450 Billion
The ordinary shareholders' meeting of Cementos Argos approved the distribution of a total dividend of $580 per share, composed of an ordinary dividend of $430 and an extraordinary dividend of $150 per share, for both ordinary and preferred shares...
TL;DR
- Approved a total dividend of $580 per share ($430 ordinary, $150 extraordinary) for both ordinary and preferred shares.
- Authorized a two-year extension and expansion of the share buyback program up to $450 billion.
- Approved a corporate governance reform, including adjustments to the board's appointment, remuneration, and succession policies.
- Appointed a new board of directors for the 2026-2028 period.
- Reported historical distributions of $3.5 trillion in 2026, including dividends, share buybacks, and the spin-off of Grupo Sura.
- Achieved record operational results with a 25% EBITDA margin a year ahead of schedule and return on capital employed above cost of capital.
- Maintained presence in the FTSE4Good index and received an 86/100 rating from S&P Global Corporate Sustainability Assessment.