Grendene S.A. Announces Dividend, Payable on August 18, 2021
July 30, 2021 at 09:30 am EDT
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The Grendene S.A. management's proposal regarding distribution of dividends, BRL 33.7 million, and referendum of the Annual General Meeting that approves the accounts for 2021: BRL 16.7 million of intermediate dividends related to the approved balance up to June 30, 2021, and BRL 17 million resulting from the conversion for acquisition of shares. Dividends will be paid as of August 18, 2021, to holders of common shares on August 5, which would be the cutoff date. Shares will be then traded ex dividend as of August 6, 2021, on B3.
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
