Corticeira Amorim approves dividend of €11.9 million

  • ECO News
  • 5 December 2022

The Portuguese company will pay a gross dividend of €0.09 per share within a maximum of 20 days.

Corticeira Amorim will pay a gross dividend of €0.09 per share within a maximum of 20 days, according to a statement sent to the Portuguese Securities Market Commission (CMVM). The proposal was approved during the company’s Extraordinary General Meeting on December 5.

“Approved unanimously, the proposal for the distribution of distributable reserves in a total amount of € 11,970,000.00, which equals a gross amount of € 0.09 per share to be distributed amongst Corticeira Amorim’s shareholders in proportion to their ownership of shares and shall be payable within a maximum of 20 days,” announced the company.

In the first six months of 2022, Corticeira Amorim saw its profits increase 20.6% to a total of €48 million, reflecting “the improvement in the product mix, the increase in prices and the growth in volume,” said the company at the time.