SMU S.A. Proposes Final Dividend, Payable on April 27, 2021
March 31, 2021 at 07:59 am
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SMU S.A. announced that the company's Board of Directors agreed to call an Annual Ordinary Shareholders' Meeting, to be held on April 20, 2021 at 10:00 am. At the same meeting, the Board also agreed to propose the payment of a final dividend of CLP 2.03769 per share. The proposed payment date for the dividend is April 27, 2021.
SMU SA is a Chile-based company primarily engaged in the food retail. The Company's activities are divided into two business segments: Supermarkets and Construction supplies. The Supermarkets division focuses on the sale and distribution of grocery and other non-food products through various supermarket chains in Chile and Peru, such as Unimarc, Mayorista 10, Alvi, Mayorsa and Maxi Ahorro. It also operates convenience stores under the OK Market brand name, as well as offers Internet and telephone shopping under the Telemercados brand name. The Construction supplies division is responsible for the retail of building materials in Chile through the Construmart and Ferrexperto stores. The Company owns a number of subsidiaries, including Inversiones SMU SpA, Omicron SpA and Corp Fidelidad SA, among others.