Adecoagro announces declaration of cash dividends

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

Adecoagro S.A. (NYSE: AGRO) announced a cash dividend distribution of $17.5 million, equating to approximately $0.1571 per share.

The dividend will be payable to shareholders on record as of May 2, 2022, with payment set for May 17, 2022. This marks the first installment of a two-part dividend, with the second installment expected around November 2022, both subject to a 15% Luxembourg withholding tax.

Positive

Approval of a $17.5 million cash dividend distribution, benefiting shareholders.
The company demonstrates strong cash flow and financial stability by initiating dividend payments.

Negative

None.

Argus Session date unavailable

-4.82% session move Open Argus

Details

News Market Reaction – AGRO

The recorded move for AGRO in the trading session of this news was -4.82%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

04/21/2022 - 12:15 PM EDT

LUXEMBOURG, April 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

$0.1571 per share considering outstanding shares as of today, to shareholders of the Company of record at close of business on May 2, 2022, payable on May 17, 2022.

This dividend distribution is the first of a two-tranche cash dividend payable in two installments. The second installment shall be payable in or about November 2022 in an equal cash amount.

A Luxembourg withholding tax of 15% 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

About Adecoagro:

Adecoagro is a leading agro-industrial company in South America. Adecoagro owns over 219.8 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 2.7 million tons of agricultural products and over 1 million MWh of bioelectricity, among others.

View original content:https://www.prnewswire.com/news-releases/adecoagro-announces-declaration-of-cash-dividends-301530392.html

SOURCE Adecoagro S.A.

FAQ

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

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

Adecoagro declared a cash dividend distribution of $17.5 million, which is approximately $0.1571 per share.

When will the dividend be paid to shareholders of Adecoagro (AGRO)?

The dividend will be payable on May 17, 2022, to shareholders on record as of May 2, 2022.

Will there be additional dividends from Adecoagro (AGRO)?

Yes, this is the first installment of a two-part dividend, with the second expected around November 2022.

What is the withholding tax on the dividend for Adecoagro (AGRO) shareholders?

A withholding tax of 15% will apply to each installment of the gross cash dividend distribution.

Adecoagro announces declaration of cash dividends