Dividend Policy

The General Shareholders’ Meeting on February 11, 2004 approved the dividend policy, which was ratified by the General Shareholders’ Meeting on May 12, 2005, and subsequently modified by the General Shareholders’ Meeting on September 13, 2005, the Mandatory Annual Shareholders’ Meeting on March 19, 2007, the General Shareholders’ Meeting on September 21, 2010, and the General Shareholders’ Meeting on October 1, 2015.

 

The current dividend policy establishes the distribution of thirty percent (30%) of the available annual profits, as determined in each annual period, or a higher percentage if deemed convenient. Likewise, it will take into account the results obtained up to December 31, 2014, and when these are exhausted, with a charge to the results as of January 1, 2015.