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At a special shareholders meeting on March 29th,2009 a stock dividend of 3.2325% was approved. Banco De Chile ADR (BCH) shareholders will receive 3.2325 additional shares for each 100 shares held. Fractional shares will be paid in cash.

According to Depositary, JPMorgan Chase Bank, N.A. the effective dates are as follows:

ADR record date: May 29, 2009
ADR payment date: June 11, 2009

Banco De Chile ADR (BCH) currently has a dividend yield of 5.91% and has a market cap of 5.4B. In March of this year, Fitch Affirmed its ratings outlook as stable.

Another Chilean bank that trades in the NYSE is Banco Santander-Chile (SAN).

written by David

Chile is a mineral rich country. Chile is the world’s biggest exporter of Copper. The country was ruled by the military dictator Augusto Pinochet from 1973 to 1990. During this time, many of the state owned firms were privatized under the guidance and advise of a team of economic experts who had earlier studied in the University of Chicago (known as the “Chicago Boys”). Due to the economic foundation created by them and the following governments, Chile is now a prosperous and stable country in South America.

There a 17 Chile stocks available as ADRs. Some of the stocks such as Lan Chile, Banco de Chile are great performers.

The following is the list of Chilean ADRs:

written by David