Ecopetrol’s U.S.-listed ADRs are rising as dividend-focused buyers position ahead of the upcoming ex-dividend date of April 29, 2026, which multiple market calendars flag as the next key dividend cut-off. The near-term setup is being reinforced by recent company disclosures around its 2025 earnings distribution plan, keeping investor attention on the next cash-return event into late April.

Ecopetrol has communicated a 2025 profit distribution framework that includes an ordinary dividend proposal of COP 110 per share (local shares), with timing targeted no later than April 30, 2026 in its shareholder communications and related filings. With the ex-dividend date now close, the stock’s price action can become more mechanically tied to dividend positioning and yield-driven flows.

Separate from the dividend trade, Ecopetrol has also disclosed that it obtained authorization to execute a debt-management transaction of up to USD 1.25 billion, a step investors often interpret as supportive for refinancing flexibility and liquidity planning. Credit-related headlines remain in focus as well, following an early-April rating action that tied Ecopetrol’s global rating changes to Colombia’s sovereign profile, keeping funding costs and policy influence on cash flows in the spotlight.