Summary by Moomoo AI
Ecopetrol S.A., Colombia's largest integrated energy company, announced the approval of dividend distribution during its General Ordinary Shareholders' Meeting on March 22, 2024. The company will distribute an ordinary dividend of COP $278 per share and an extraordinary dividend of COP $34 per share, totaling COP $312 per share. Minority shareholders will receive their dividends in two equal installments on April 3, 2024, and June 26, 2024. The majority shareholder will be paid throughout the year, but no later than December 31, 2024, considering the payment schedule for the Fuel Price Stabilization Fund (FEPC) debt from 2023. Ecopetrol is a key player in Colombia's hydrocarbon production and has expanded its operations internationally, with significant stakes in strategic basins across the Americas and various sectors including energy transmission, road concessions, and telecommunications.