Holcim Ecuador Shareholders Approve $99.1 Million Cash Dividend

Holcim Ecuador SA (HOL), a unit of the world’s second-largest cement producer, said shareholders approved a $99.1 million cash dividend, or $4.84 per share, from 2011 and 2010 earnings.

The Guayaquil-based company, which has already paid out about $40 million of the dividend to shareholders, will distribute the remainder of the payment beginning in March, the company said in a statement published today on the Quito securities exchange’s website.

To contact the reporter on this story: Nathan Gill in Quito at ngill4@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at Papadopoulos@bloomberg.net