MercadoLibre (MELI) Declares $0.15 Quarterly Dividend; Plans 'Fixed' Dividend Policy

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Go back to MercadoLibre (MELI) Declares $0.15 Quarterly Dividend; Plans 'Fixed' Dividend Policy

MercadoLibre Inc. Announces New Dividend Policy to Maximize Future Growth Opportunities

March 17, 2017 4:01 PM EDT

BUENOS AIRES, Argentina, March 17, 2017 (GLOBE NEWSWIRE) -- MercadoLibre Inc. (the Company, or we) today announced that its Board of Directors approved on March 2, 2017 a change to its dividend policy for, providing for a fixed quarterly dividend payment in 2017 of $0.15 per share ($0.60 per share annually), subject to declaration by the Board. The Company believes a fixed dividend policy will allow it to return value to investors by allocating additional capital to key initiatives intended to generate important incremental scale efficiencies for the long-term in businesses driving current growth, including logistics, Fintech and retail.

The Company is increasingly confident in its financial... More