Cementos Argos begins to pay 2014 dividends

Colombian cement company Cementos Argos has started paying shareholder dividends corresponding to its 2014 to profits. Common stock shareholders will receive COP44.5/share. Those with preferential shares will receive COP57.75/share.

Before 2015 ends, the firm will release dividend payments of COP253.30bn (US$96.06m), from a profit of of COP291.8bn achieved in 2014.

Last year's profits were 59 per cent higher than those recorded in 2013. Cementos Argos recorded sales of over COP5trn in 2014. The firm's EBITDA stood at over COP 1trn. (Source: Esmerk Latin American News)