Quálitas Controladora, S.A.B. De C.V. Proposes Dividend
April 21, 2021 at 01:09 pm EDT
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Quálitas Controladora, S.A.B. de C.V. announced that Given the solid financial position of the company, for the General Shareholders' Meeting that will be held on April 28th, it was proposed a dividend payment of MXN 4 per share which is equivalent to MXN 1,652 million, and a new share buyback program of MXN 1,200 million, additionally to the cancellation of 7 million shares.
Qualitas Controladora SAB de CV is a Mexico-based holding company engaged in the insurance sector. The Company focuses on providing automobile insurance products. It offers insurance policies to car fleet owners, financial institutions and individual customers through four segments: Written premiums, Ceded premium, Unearned premiums reserve and Earned retained premiums. The Company is present in Mexico, the United States, El Salvador and Costa Rica. The Company operates through a number of subsidiaries, including Qualitas Compania de Seguros SAB de CV, Qualitas Financial Services Inc, Easy Car Glass SA de CV, Activos JAL and CristaFacil SA de CV, among others.
QUÁLITAS CONTROLADORA, S.A.B. DE C.V. 
