The companies that are members of the GEA (Spanish acronym for Antioquian Business Group) will be paying dividends and already announced when and how.
The Insurance company part of the Suramericana Group has two types of shares in the public market and for each one of them will be paying a different dividend.
The cement company Argos will be paying dividends of the shares of their subsidiary Inversiones Argos (Spanish acronym for Argos Investments) and they also already get the approval of the Board of Directors to do so.
Sura will be paying 62.000 million COP$ in dividends between the ordinary and preferential shares. The first ones will be receiving a dividend of 305 COP$ per share distributed in four payments in 12 months in an anticipated way. Meanwhile the preferential shares will have a dividend of 975 COP$ per share as was stipulated in the placement of the share (in order to finance the operation where Sura bought the assets of ING in South America). It also will be paid in 12 months but in a maturity way.
The dividends will be paid through dematerialized securities, through the brokerage firm that represents the owner of the share or in Bancolombia.
In the case of Argos the dividend will be of 140 COP$ per share and will be paid in four quotas of 35 COP$ per share every three months. This dividend is an improvement of 6.10% in comparison with the same dividend paid in 2011.