(Image: Disclosure/Aliansce Sonae)
A garlic (ALOS3) reported this Tuesday (1) that the Company's Board of Directors approved the payment of interim dividends in the total amount of R$150 million. The company also announced a buyback program of up to 4.1% of shares.
Dividends will be paid to shareholders in three installments of R$50 million, representing R$0.095110741 per share. According to the company, the payments are based on the balance of unrealized profit reserves calculated in the annual balance sheet for the fiscal year ending on December 31, 2023.
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“The company, as of this date, decided to adopt the practice of monthly dividend distribution, and will submit the payment for the following three months to the Board of Directors for approval every quarter,” he said.
| Court date | Data ex | Payment date | Gross value per share |
|---|---|---|---|
| 04/10/2024 | 07/10/2024 | 16/10/2024 | R$0,095110741 |
| 21/10/2024 | 22/10/2024 | 04/11/2024 | R$0,095110741 |
| 18/11/2024 | 19/11/2024 | 03/12/2024 | R$0,095110741 |
Buyback program
Allos said it will continue to take advantage of market conditions to repurchase its own shares, reinforcing its capital allocation strategy.
Up to 20 million common shares, with no par value, issued by the company will be acquired, which represent, on October 1, 2024, 4.1% of the total 492,392,986 common shares in circulation on the market.
The company also informed that the program has a term of 365 days, starting October 1, 2024, and that the acquisition operations will be carried out through one or more of the following intermediary financial institutions: Itaú Unibanco, BTG Pactual and JP Morgan.
See the Allos statement