Adecoagro announces declaration of cash dividends

(Moderate)

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Rhea-AI Summary

Adecoagro S.A. (NYSE: AGRO), a leading agro-industrial company in South America, has announced a cash dividend distribution of $17.5 million, equating to approximately $0.16020082 per share. This dividend is for shareholders on record as of November 2, 2022, and will be payable on November 17, 2022. This is the second installment of a two-tranche cash dividend, with the first paid on May 17, 2022. A 15% Luxembourg withholding tax will apply to the gross cash dividend.

Positive

Second cash dividend distribution of $17.5 million
Dividend amount per share is $0.16020082
Stable cash flow demonstrated through two-tranche dividend

Negative

15% withholding tax reduces net dividend received by shareholders

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News Market Reaction – AGRO

The recorded move for AGRO in the trading session of this news was -2.58%.

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10/21/2022 - 04:15 PM EDT

LUXEMBOURG, Oct. 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 $0.16020082 per share considering outstanding shares as of today, to shareholders of the Company of record at close of business on November 2, 2022, payable on November 17, 2022.

This dividend distribution is the second of a two-tranche cash dividend payable in two installments. The first installment was paid on May 17, 2022 in an equal cash amount.

A Luxembourg withholding tax of 15% has been and 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

Additional information about the Company can be found in the "Investors" section on the website at www.adecoagro.com

View original content:https://www.prnewswire.com/news-releases/adecoagro-announces-declaration-of-cash-dividends-301656408.html

SOURCE Adecoagro S.A.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Adecoagro has announced a total cash dividend distribution of $17.5 million, which is approximately $0.16020082 per share.

When will Adecoagro's dividend be paid?

The dividend will be payable on November 17, 2022.

Who is eligible for the dividend from Adecoagro (AGRO)?

Shareholders on record as of November 2, 2022, are eligible for the dividend.

What is the withholding tax on Adecoagro's dividend?

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

Is this the first or second dividend installment for Adecoagro (AGRO)?

This is the second installment of a two-tranche cash dividend distribution.

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