Adecoagro announces declaration of cash dividends

Rhea-AI Summary

Adecoagro S.A. (NYSE: AGRO) announced a cash dividend distribution of $17.5 million, equating to approximately $0.1571 per share.

The dividend will be payable to shareholders on record as of May 2, 2022, with payment set for May 17, 2022. This marks the first installment of a two-part dividend, with the second installment expected around November 2022, both subject to a 15% Luxembourg withholding tax.

Positive

• Approval of a $17.5 million cash dividend distribution, benefiting shareholders.
• The company demonstrates strong cash flow and financial stability by initiating dividend payments.

Negative

• None.

LUXEMBOURG, April 21, 2022 /PRNewswire/ -- Adecoagro S.A. (the "Company") (NYSE: AGRO), one of the leading agro-industrial companies in South America, announced today its Board of Directors has approved a cash dividend distribution of $17.5 million that represents approximately

$0.1571 per share considering outstanding shares as of today, to shareholders of the Company of record at close of business on May 2, 2022, payable on May 17, 2022.

This dividend distribution is the first of a two-tranche cash dividend payable in two installments. The second installment shall be payable in or about November 2022 in an equal cash amount.

A Luxembourg withholding tax of 15% will be applied to each installment of the gross cash dividend distribution amount.

For questions please contact:
Victoria Cabello
IR Manager
Email: ir@adecoagro.com 
Tel: +54 (11) 4836-8651
Skype: +54 (11) 4836-8651

About Adecoagro:

Adecoagro is a leading agro-industrial company in South America. Adecoagro owns over 219.8 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.7 million tons of agricultural products and over 1 million MWh of bioelectricity, among others.

 

View original content:https://www.prnewswire.com/news-releases/adecoagro-announces-declaration-of-cash-dividends-301530392.html

SOURCE Adecoagro S.A.

FAQ

What is the dividend amount declared by Adecoagro (AGRO)?

Adecoagro declared a cash dividend distribution of $17.5 million, which is approximately $0.1571 per share.

When will the dividend be paid to shareholders of Adecoagro (AGRO)?

The dividend will be payable on May 17, 2022, to shareholders on record as of May 2, 2022.

Will there be additional dividends from Adecoagro (AGRO)?

Yes, this is the first installment of a two-part dividend, with the second expected around November 2022.

What is the withholding tax on the dividend for Adecoagro (AGRO) shareholders?

A withholding tax of 15% will apply to each installment of the gross cash dividend distribution.