Chile: CCU announces Ch$77.62 per share definitive dividend
CCU’s board of Directors approved to propose to the Regular Stockholders’ Meeting the distribution, with charge to year 2006’s net income, of a Definitive Dividend Nº233 which amounts to Ch$77.62144 per share (Ch$388.1072 per ADR), totalling Ch$24,722,651,569, according to CCU’s press release of March 8. The Dividend will be paid to its 318,502,872 shares.
CCU is a diversified beverage company operating principally in Chile and Argentina. CCU is the largest Chilean brewer, the second-largest Argentine brewer, the thirdlargest Chilean soft drink producer, the second-largest Chilean wine producer, the largest Chilean mineral water producer, one of the largest pisco producer and also participates in the confectionary industry in Chile. The Company has licensing and/or joint venture arrangements with Heineken Brouwerijen B.V., Anheuser-Busch Incorporated, PepsiCo Inc., Paulaner Brauerei AG, Schweppes Holdings Limited and Guinness Brewing Worldwide Limited.
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