Ecuador Cerveceria Nacional Approves $94 Million Cash Dividend

Shareholders of Cerveceria Nacional CN SA, Ecuador’s biggest brewer, approved a $94 million cash dividend, or $4.59 per share, for the 2011 earnings period.

The Guayaquil-based company, a unit of SABMiller Plc, has already paid shareholder’s $2.60 per share and will distribute the remaining $1.99 per share, it said in a statement published today on the Quito securities exchange’s website. The company did not say when it would make the additional payment.

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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