Cresud shareholders approve 116 billion pesos dividend at general meeting
Cresud shareholders approved a 116 billion pesos dividend at an Oct. 22 general meeting, allocating 81.2 billion pesos to cash payments and 34.8 billion pesos to an in-kind distribution of IRSA shares.
1. Dividend allocation
The approved in-kind dividend comprises 15,097,614 IRSA ordinary shares held by Cresud, with a nominal value of 10 pesos each. The distribution was valued at IRSA’s Oct. 21 closing price of 2,305 pesos per ordinary share.
