Mexichem Announces Dividend Payment Schedule for 2017
January 26, 2017
Mexichem announces its dividend payment schedule for 2017 in accordance with the resolutions adopted at the Company’s General Shareholders’ Ordinary Meeting held on December 7, 2016. At the Meeting a cash dividend of $105,000,000 (one hundred and five million dollars 00/100 USCY) was declared to be distributed on the Company’s outstanding shares, excluding in each partial payment those shares held by the Company as a result of its buyback share program.
The dividend will be paid in Mexican Pesos in four equal installments, each equivalent to $26,250,000 (twenty six million two hundred and fifty thousand dollars 00/100 USCY), on the Company’s outstanding shares, excluding the shares held by the Company as a result of its buyback share program, at the Mexican peso exchange rate published by the Mexican Central Bank (Banco de Mexico) in the Federal Official Gazette on the day of the ex-coupon date prior to the corresponding payment, in accordance with the following schedule:
Payment dates in 2017: