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The latest announcement is out from Bancolombia ( (CIB) ).
On February 19, 2025, Bancolombia S.A. announced a proposal for the distribution of its profits. The proposal, to be reviewed at the upcoming Ordinary General Shareholders’ Meeting, includes maintaining a strong capital structure to support business growth, and ensuring a return on equity surpassing projected inflation in Colombia. The proposal outlines an annual dividend of COP 3,900 per share to be paid on April 1, 2025, and the creation of specific reserves for equity strengthening and future growth amounting to COP 1.86 trillion, as well as COP 34 billion for social projects. This initiative signifies Bancolombia’s strategic focus on sustaining growth and supporting social initiatives, potentially enhancing its market position and stakeholder value.
More about Bancolombia
Bancolombia S.A. is a prominent financial institution based in Medellín, Colombia, primarily engaged in providing banking and financial services. It operates in the financial industry, offering diverse services including loans, savings accounts, and investment products. Bancolombia has a strong market focus in Colombia and other Latin American countries.
YTD Price Performance: 27.06%
Average Trading Volume: 313,669
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.28B
See more insights into CIB stock on TipRanks’ Stock Analysis page.
