Ecopetrol (EC) has announced a dividend of $0.520 per share, with the ex-dividend date set for Jun 26, 2025, and a payment date of Jul 7, 2025. This dividend is lower than the average of the last ten dividends, which stands at $0.664 per share. The announcement was made on Mar 15, 2025. The previous dividend, also $0.520 per share, was distributed on May 6, 2025. Both dividends are classified as cash dividends.
Recently,
(EC) experienced a notable market movement, closing at $9.84, which marked a 1.13% increase from the previous trading session. This rise was significant as it outperformed the S&P 500's decrease of 0.22% during the same period. This performance may reflect ongoing confidence in Ecopetrol's potential, despite a recent report indicating that Two Sigma Advisers LP reduced its stake in the company by 67% in the last quarter.
Over the past week, Ecopetrol has secured a $500 million loan approval from Banco Santander, a strategic move that could bolster its financial position and operational capabilities. Additionally, the company announced several key management changes, including the appointment of new board members and a statutory auditor for the 2025-2029 term. These developments are expected to influence Ecopetrol's strategic direction and enhance its governance structure. Moreover, Ecopetrol's global credit rating remains steady at BB+, as indicated by a recent assessment, affirming the company's stable financial outlook.
In conclusion, Ecopetrol is actively navigating the financial landscape with strategic financial maneuvers and corporate governance enhancements. Investors should note that Jun 26, 2025, is the last day to purchase Ecopetrol shares to qualify for the upcoming dividend. Any acquisitions made after this date will not be eligible for the current dividend payout.
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