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    Cementos Pacasmayo S.A.A. Announces Annual Dividend

    10/29/24 1:19:00 AM ET
    $CPAC
    Building Materials
    Industrials
    Get the next $CPAC alert in real time by email

    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 October 28, 2024 approved a cash dividend of S/ 0.41 per common and investment share, which represents a total of S/190,300,410.64 related to retained earnings as of December 31, 2014, and the results from 2015 to 2023, in accordance with what was authorized at the Annual Shareholder's Meeting held on March 21, 2024.

    The dividends to be distributed correspond to the accumulated results as of Decemeber 31, 2014 and for the years 2015 to 2023, according to the following chart

     

    2014

    2015

    2016

    2017

    2018

    2019

    2020

    2021

    2022

    2023

    Total

    Dividend to be distributed

    189.77

    3,886.48

    48,950.26

    39,515.44

    32,317.37

    240,149.38

    349,049.78

    6,413,788.95

    85,970,351.37

     

    97,202,211.84

    190,300,410.64

    Dividends related to treasury shares

    14.74

    301.78

    3,800.93

    3,068.33

    2,509.41

    18,647.32

    27,103.31

    498,023.19

    6,675,496.99

     

    7,547,637.79

    14,776,603.79

    Net to distribute

    175.03

    3,584.70

    45,149.33

    36,447.11

    29,807.96

    221,502.06

    321,946.47

    5,915,765.76

    79,294,854.38

     

    89,654,574.05

    175,523,806.85

    Tax rate for dividends

    4.10%

    6.80%

    6.80%

    5.00%

    5.00%

    5.00%

    5.00%

    5.00%

    5.00%

     

    5.00%

     

    Since the Company holds 36,040,497 investment shares as treasury shares, the dividend per share of S/0.41 that corresponds to these shares and which totals S/14,776,603.79, as a result of the mentioned distribution will remain in the Company's equity, so that the total dividend distributed without considering such treasur shares is S/ 175,523,806.85

    Considering that each ADS represents five common shares, the cash dividend equivalent per ADS is S/ 2.05. For the payment of the ADSs, the Company will pay CAVALI the amount of the corresponding dividend to the ADS program in national currency. CAVALI will afterwards deposit said amount in favor of: JP MORGAN CHASE BANK N.A. FBO HOLDERS OF ADRS on the same date established for the delivery of the dividend in the domestic market. JP MORGAN CHASE BANK N.A is the entity responsible for making the payment to each of the holders of ADSs under the conditions of currency, distribution factor, stipulations and other regulations that correspond.

    Concept: Accumulated Results

    Fiscal year: 2023

    Amount to be distributed: S/.190,300,410.64

    Dividends per share details

    Type of Share: CPACASC1 - COMMON SHARES

    Number of shares: 423,868,449

    Amount of dividend per share: S/.0.41

    Type of Share: CPACASI1 - INVESTMENT SHARES

    Number of shares: 40,278,894

    Amount of dividend per share: S/.0.41

    Earnings Distribution Concept: 2023 Retained Earnings,

    Value Type: CPACASC1 COMMON SHARES

    Register Date: 11/21/2024

    Value Type: CPACASC1 COMMON SHARES

    Distribution Date: 12/10/2024

    Value Type: CPACASI1 INVESTMENT SHARES

    Register Date: 11/21/2024

    Value Type: CPACASI1 INVESTMENT SHARES

    Distribution Date: 12/10/2024

    About Cementos Pacasmayo S.A.A.

    Cementos Pacasmayo S.A.A. is a Peruvian cement company located in the Northern region of Peru. In February 2012, the Company's shares were listed on The New York Stock Exchange - Euronext under the ticker symbol "CPAC". With more than 65 years of operating history, the Company produces, distributes and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. Cementos Pacasmayo's products are primarily used in construction, which has been one of the fastest-growing segments of the Peruvian economy in recent years. The Company also produces and sells quicklime for use in mining operations.

    For more information, please visit: http://www.cementospacasmayo.com.pe

    Note on Forward-Looking Statements

    This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241028489439/en/

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    Q&A

    New
    • What is the amount of the cash dividend approved by Cementos Pacasmayo's Board of Directors?

      Cementos Pacasmayo's Board of Directors approved a cash dividend of S/ 0.41 per share, which totals S/ 190,300,410.64.

    • What is the dividend per share for Cementos Pacasmayo?

      The dividend per share, including common and investment shares, is S/ 0.41.

    • What is the total dividend amount to be distributed after excluding treasury shares?

      The total dividend distributed without considering treasury shares is S/ 175,523,806.85.

    • What is the cash dividend equivalent per ADS for Cementos Pacasmayo?

      The cash dividend equivalent per American Depositary Share (ADS) is S/ 2.05.

    • What does the dividend distribution from Cementos Pacasmayo relate to?

      Cementos Pacasmayo has a retained earnings distribution related to results accumulated from 2014 to 2023.

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