Dividends

The Shareholders’ General Assembly at its annual meeting decides on the distribution of dividends and determines the payment. The means for payment are: 

• Bank account payment. It is requested with the Shareholder Update Form, found here, or with a statement to the Corporate and Stock Market Affairs Manager of Grupo Argos or to the Manager of the Administration of Securities of Fiduciaria Bancolombia, by informing the bank, holder, number and type of account. If the holder is other than the shareholder, the authorization must be signed by both of them and be notarized.
• Cash or check. The shareholder must inform in which of the Bancolombia branches he/she wants the payment to be made to.
• Through its commission firm. The firm must inform the account where the payment is made and send the securities administration contract signed by the shareholder, a copy of the shareholder's ID and a copy of the title or proof of deposit.

Stock transactions conducted between the first working day of dividend payment and three trading days at the securities exchange before that date do not include the right to receive dividends (ex–dividend date).