At the Annual Shareholders’ Meeting to be held on April 29, 2008, the Board of Directors will propose to maintain its dividend
policy of distributing at least 30% of annual (liquid) net profits.
DIVIDEND HISTORY
DIVIDEND
NUMBER
PAYMENT
DATE
DIVIDEND PER
SHARE*
TOTAL
DIVIDEND*
FOR THE YEAR ENDED
DECEMBER 31ST
N° 16
05-05-05
Ch$12.97685
ThCh$14,011,625
2004
N° 17 y 18
10-05-06
Ch$14.44793
ThCh$15,600,009
2005
N° 19 y 20
09-05-07
Ch$15.84908
ThCh$17,112,887
2006
* historic figures
DISTRIBUTION OF 2007 NET INCOME
Net income for 2007 totaled ThCh$105,241,007. The Board of Directors has proposed to distribute 2007 net income as follows:
1) Payment of a dividend of ThCh$52,620,498 corresponding to the distribution of 2007 net income as follows:
a) Payment of a minimum obligatory dividend of ThCh$31,085,176, to be paid in accordance with the date established at the
Annual Shareholders’ Meeting.
b) Payment of an additional dividend of ThCh$21,535,322, to be paid in accordance with the date established at the Annual
Shareholders’ Meeting.
2) Allocation of the balance of ThCh$52,620,509 to retained earnings.
The proposed dividend distribution corresponding to 2007 net income is equivalent to 50.00% of net earnings for the year.
CALCULATION OF ALLOWABLE DIVIDEND DISTRIBUITION
ThCh$
Net Income 2007
105,241,007
Allowable distribution of 2007 earnings
105,241,007
2007 dividend as a percentage of allowable
distribution
50.00%
Amortization of negative goodwill (consolidated)*
(1,623,752)
* In conformance with Circular N°368 of the SVS, amortization
of negative goodwill for a given period may not be considered
as part of distributable net income for the purpose of calculating
the minimum obligatory dividend but may be considered in
calculating an additional dividend.
