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Ecuador’s Banco de Guayaquil Approves $20 Million Cash Dividend

Banco de Guayaquil SA, Ecuador’s second-biggest publicly-traded bank by revenue, said shareholders approved a $20 million cash dividend at a meeting on Jan. 30.

The Guayaquil-based company said $15 million had already been distributed to shareholders and it will now pay investors the remainder, according to the statement published today on the Quito securities exchange’s website. The company didn’t give the per-share amount.

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

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