Payments will be made between the 10th and 20th of each quarter. Those who are registered in the shareholders' book within the ex-dividend period determined in the Regulations of the Colombian Stock Exchange (BVC) based on Article 2 of Decree 4766 from2011, will be entitled to the quarter's dividend.
According to law 1819/2016, dividends paid to individuals in amounts greater than 600 UVT (COP 19,893,600) are subject to a withholding tax. Such withholding is specified in article 242 of the Tax Statute, based on a progressive table, which establishes a rate depending on the amount. We will certify any such withholdings, which may be used as a supporting document for the effects of the 2018 income tax return.
The withholding rate for individuals and companies that are not residents of Colombia is 5% of the dividend paid.