Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced that the last payment of COP$72.60 per share as a dividend for 2009 will be paid from December 15, 2009. Pursuant to External Circular No. 13 of 1998 of the Securities Superintendency, the ex dividend period will be ten (10) stock market business days immediately preceding the date for the payment of dividends. Therefore, anyone buying stock during this period will not be entitled to the dividend to be paid on December 15.
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Stockholders who are registered holders of shares prior to the beginning of the ex dividend period will be entitled to dividend payment on December 15. The ex dividend period begins on November 30, 2009. Ecopetrol is Colombia's largest integrated oil company and is among the top 40 oil companies in the world and the four largest oil companies in Latin America. Besides Colombia, where it accounts for 60% of total production, the Company is involved in exploration and production activities in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol has the principal refinery in Colombia, most of the network of oil and multiple purpose pipelines in the country, and it is considerably increasing its participation in biofuels.
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