Grendene S.A. Announces Dividend, Payable on November 18, 2020
October 29, 2020
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Grendene S.A. announced that According to the right dividend distribution, the company decided to disclose the 2020 third quarter as anticipated dividends of BRL 21.5 million at the referendum of the ordinary shareholders meeting about the exercise of 2020. Those dividends will be paid as of November 18, 2020, and that will be paid according to the dividend of the ordinary shareholders of Grendene, which are registered under the company's report according to November 5 at B3.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
