Cementos Pacasmayo S.A.A. Announces Annual Dividend
LIMA, Peru--(BUSINESS WIRE)--Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Cementos Pacasmayo”) announced today that the Company's Board of Directors in its session held on November 18, 2019 approved a cash dividend of S/ 0.36 per common and investment share, which represents a total of S/167,093,043.48 related to retained earnings as of December 31, 2015, in accordance with what was authorized at the Annual Shareholder’s Meeting held on March 11, 2019. This dividend represents 22.96% of the Company’s retained earnings as of December 31, 2015 (and 77.44% of the retained earnings remaining after dividends paid during 2016, 2017 and 2018, excluding the dividend that corresponds to treasury shares; if we include these share it's 63.95% of retained earnings as of December 31, 2015).