Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) has announced that on August 15, 2017, the company will pay the first portion of the dividend approved at the annual General Ordinary Shareholders´ Meeting held on April 25, 2017, the company said.
Approval of the allocation from the account for net income pending allocation, of an amount equal to Ps. 3,052,111,859.00 for declaring a dividend equal to Ps. 5.72 per share, to be distributed to each share outstanding as of the payment date, excluding any shares repurchased by the company as of each payment date in accordance with Article 56 of the Mexican Securities Market Law; any amounts of net income pending allocation remaining after the payment of such dividend will remain in the account for net income pending allocation.
The dividend will be paid in the following manner:
i. Ps. 2.86 per share as of the payment date, to be distributed before August 31, 2017; and
ii. Ps. 2.86 per share as of the payment date, to be distributed before December 31, 2017.”
Grupo Aeroportuario del PacÃfico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico´s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis.