Clarifications on Ecopetrol’s Upcoming Dividends

Colombian oil major Ecopetrol (EC)announced 4th quarter, 2023 earnings late last month. The company also announced their dividend distribution proposal for payment to shareholders in 2024. The profits in 4Q were down 38% as oil prices declined according to a new report by Reuters. From the report Colombia’s majority state-owned oil company Ecopetrol (ECO.CN), opens new …

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Bancolombia S.A. to Raise Dividends Next Year

Bancolombia S.A. (CIB) is the largest financial institution in Colombia. The bank is also the largest in the country based on assets. CIB was the first Colombian company that listed its ADR in the NYSE bank in the 1990s and has operations in other countries as well including Panama, El Salvador, Puerto Rico, the Cayman Islands, …

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Colombian ADRs Could Rise Today After Conservative Victory

Colombia has elected Convservative Iván Duque as the next President in the runoff Presidential election held yesterday. Duque got 53.9% of the vote and beat leftist opponent Gustavo Petro. The pro-business friendly Duque has the support of former president Uribe and business leaders. From an article at The Guardian: Colombia has chosen Iván Duque, a conservative neophyte, …

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Colombia: An Attractive Emerging Market for 2010 and Beyond

The Colombian economy is the third largest in Latin America after Brazil and Mexico.The country has a population of 44 million and is rich in many natural resources such as oil, natural gas, titanium, copper and uranium. Colombia’s oil and natural gas deposits are one of the largest in Latin America. About 50% of the …

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A Look At The GlobalX Funds’ Colombia ETF

Last year investors welcomed a few frontier markets ETFs such as the MENA Frontier Countries (PMNA) by PowerShares, the Africa ETF (AFK) and the Gulf States ETF (MES) from Market Vectors and the Frontier Markets (FRN) from Claymore/BNY Mellon.These frontier market ETFs can be extremely volatile and are suitable for investors who can take high …

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