|Back to main|
Update: CEMIG to Reward Shareholders - Analyst Blog
7/10/2013 1:30:00 PM
Companhia Energetica de Minas Gerais ( CIG ) , also known as CEMIG, recently announced the dates for the payment of the second installment of dividend for the year 2012.
The total disbursement, amounting to R$609.1 million, will be made in two tranches and will be completed by Dec 2013. Firstly, Cemig will pay roughly R$250 million (or R$0.293201967) to shareholders on Jul 18 while the remaining amount of R$359.1 million will be distributed by the year end 2013.
For shares, holders of record as on Apr 30, 2013 will be considered eligible for dividend distribution while for ADRs, holders of record as on May 6 will be entitled.
The above distribution was approved at Cemig's Ordinary and Extraordinary General Meetings of Stockholders held on Apr 30, 2013. The first instalment of the dividend, roughly R$609.1 million, for 2012 was paid on Jun 27, 2013. Additionally, the company also paid interest on equity of R$164 million or R$0.192340491 per share.
Regarding dividends, CEMIG will disburse roughly R$609.1
million (or R$ 0.714302738 per share) to shareholders of record
as on Apr 30, 2013 and ADR holders of record as on May 6, 2013.
BLACK HILLS COR (BKH): Free Stock Analysis Report
CEMIG SA -ADR (CIG): Free Stock Analysis Report
COPEL-ADR PR B (ELP): Free Stock Analysis Report
INTEGRYS ENERGY (TEG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research