This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ecopetrol S.A.'s Board Of Directors Approves Earnings Distribution Proposal For Fiscal Year 2012

BOGOTA, Colombia, Feb. 25, 2013 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces its earnings distribution proposal for 2012 that was approved by the company's Board of Directors and will be presented to the General Shareholders Assembly for its consideration on March 21, 2013.

(Logo: )
  • The plan calls for 70.02% of 2012 net earnings to be distributed as ordinary dividend, and an additional 9.89% of 2012 net earnings as extraordinary dividend.
  • The ordinary dividend would be COP$255.00 per share and the extraordinary dividend would be COP$36.00 per share.
  • Total dividend per share would be COP$291.00.

The number of dividend payments will be decided by the Shareholders Assembly.

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) is the largest company in Colombia and an integrated oil company that is one of the 50 largest oil companies in the world and one of the four main oil companies in Latin America. Besides Colombia, where it accounts for 60% of production, Ecopetrol maintains exploration and production activities in Brazil, Peru and the United States ( Gulf of Mexico). Ecopetrol owns the largest refinery in Colombia, most of the country's network of oil and multipurpose pipelines and is becoming increasingly involved in the biofuels business.   

This news release contains statements related to the prospects of the business, estimates for operating and financial results, and the growth forecasts of Ecopetrol. These are projections, and, as such, are solely based on the expectations of management with regard to the company's future and its continued access to capital to finance the company's business plan. Such forward-looking estimates depend on changes in market conditions, government regulations, competitive pressures, performance of the Colombian economy and industry, among other factors; therefore, they are subject to change without prior notice.

For more information, please contact:

Director of Investor Relations Alejandro Giraldo Telephone: +571-234-5190 Fax: +571-234-5628 E-mail: 

Media Relations ( Colombia) Jorge Mauricio Tellez Telephone:  +571-234-4329 Fax: +571-234-4480 E-mail:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs