Adecoagro announces declaration of cash dividends

Rhea-AI Summary

Adecoagro S.A. announced a cash dividend distribution of $17.5 million, equating to approximately $0.1682 per share for shareholders as of May 14, 2024. The first installment will be paid on May 29, 2024, with a second installment scheduled for November 2024. Adecoagro is a prominent sustainable production company in South America, owning vast farmland and industrial facilities in Argentina, Brazil, and Uruguay.

LUXEMBOURG, May 3, 2024 /PRNewswire/ -- Adecoagro S.A. (NYSE: AGRO), a leading sustainable production company in South America, announced its Board of Directors has approved a cash dividend distribution of $17.5 million that represents approximately $0.1682 per share considering outstanding shares as of today, to shareholders of the Company of record at close of business on May 14, 2024, and payable on May 29, 2024.

This dividend distribution is the first of a two-tranche cash dividend payable in two installments. The second installment shall be payable on or about November 2024 in an equal cash amount.

For questions please contact:
Victoria Cabello
IR Officer
Email: ir@adecoagro.com 

About Adecoagro:
Adecoagro is a leading sustainable production company in South America. Adecoagro owns 213.5 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity.

View original content:https://www.prnewswire.com/news-releases/adecoagro-announces-declaration-of-cash-dividends-302135915.html

SOURCE Adecoagro S.A.

FAQ

When will Adecoagro pay the cash dividend to shareholders?

Adecoagro will pay the first installment of the cash dividend on May 29, 2024, with a second installment expected around November 2024.

How much is the cash dividend per share for Adecoagro shareholders?

The cash dividend amounts to approximately $0.1682 per share for Adecoagro shareholders.

What is the total amount of cash dividends Adecoagro is distributing?

Adecoagro is distributing a total of $17.5 million in cash dividends to its shareholders.

Where does Adecoagro operate its sustainable production facilities?

Adecoagro operates sustainable production facilities in the most productive regions of Argentina, Brazil, and Uruguay.