MercadoLibre, Inc. (NASDAQ:MELI) Files An 8-K Other EventsItem 8.01. Other Events.
On March 17, 2017, MercadoLibre, Inc. (the “Company”) announced a new dividend policy to which the Company intends to pay fixed quarterly cash dividends of $0.15 per share on its common stock. The new dividend policy will take effect following the payment of the $0.15 per share dividend declared by the Board of Directors of the Company payable on April 17, 2017 to shareholders of record as of the close of business on March 31, 2017. The first fixed quarterly cash dividend under the new policy will be paid on July 17, 2017 to stockholders of record as of the close of business on June 30, 2017.
The payment of future cash dividends under that policy will be made at the discretion of the Company’s Board of Directors and will depend on earnings, operating and financial conditions, capital requirements, and other factors deemed relevant by the Board, including the applicable requirements of the Delaware General Corporation Law and the best interests of MercadoLibre, Inc.’s stockholders.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release issued by MercadoLibre, Inc. on March 17, 2017 announcing a change in dividend policy for 2017.
About MercadoLibre, Inc. (NASDAQ:MELI)
MercadoLibre, Inc. (MercadoLibre) hosts an online commerce platform in Latin America, which is focused on enabling e-commerce and its related services. The Company provides a portfolio of services facilitating e-commerce transactions. Its geographic segments are Brazil, Argentina, Mexico, Venezuela and other countries (including Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Panama, Peru, Portugal, Guatemala, Bolivia, Paraguay, Uruguay and the United States of America. It also operates online commerce platforms in the Dominican Republic, Panama, Bolivia, Guatemala, Paraguay and Portugal. It offers its users an eco-system of over six related e-commerce services: the MercadoLibre Marketplace, The MercadoLibre Classifieds Service, the MercadoPago payments solution, the MercadoLibre Advertising program, the MercadoShops online Webstores solution and the Mercado Envios shipping service. It operates a real estate classified platform in the United States. MercadoLibre, Inc. (NASDAQ:MELI) Recent Trading Information
MercadoLibre, Inc. (NASDAQ:MELI) closed its last trading session down -0.27 at 211.29 with 335,095 shares trading hands.