Investor Services

Dividend Policy

The firm will pay part of its profits as cash dividends to shareholders, after the legal reserves have been deducted (if applicable) and those that could, if requested by the Board of Directors, result necessary for the firm’s operations. The proportion of profits to be distributed annually as cash dividends will be 40% of the freely available profit for the fiscal year.  

The Board of Directors may approve two cash dividend advances on account during the current fiscal year on the following occasions:

  • For an equivalent amount of up to 10% of the projected free disposal profit for the current fiscal year, together with the approval of the interim financial statements as of June 30th of each year.
  • For an equivalent amount of up to 24% of the projected free disposal profit for the current fiscal year, less the first cash dividend advance, together with the approval of the interim financial statements as of September 30th of each year.

The payment of cash dividends for an equivalent amount of up to 40% of the free disposal profit for the current fiscal year, less the cash dividend advances made, will be submitted to the consideration of the General ShareholdersMeeting to be held within the first quarter of the following fiscal year.

The approval of cash dividend advances, the annual dividend balance and the amounts for which they are made, will be subject to the firm’s liquidity, indebtedness and cash flow, as well as to compliance with established covenants in the financial contracts signed by the firm.

Exceptionally, the Board of Directors may, if deemed convenient, approve an additional dividend, to be later supported before the General Shareholders’ Meeting.

Stock dividends distribution for profit capitalization will be reviewed by the Shareholders’ Meeting at the proposal of the Board of Directors either at the General Shareholders’ Meeting or at any other Shareholders’ Meeting convened for such purpose.

Dividend Payment Methods

For shareholders who have shares in CAVALI I.C.L.V. check with your Stock Broker Company (SAB)

For shareholders who have (physical) stock certificates:

Checks and cash:

They will be delivered to the shareholders in person at our offices, carrying the original certificate and valid ID, from Monday to Friday from 9:00 AM to 12:00 PM (Lima Time) and from 3:00 PM to 5:00 PM (Lima Time). In case they send a third party, they must carry a simple type Power of Attorney (POA), with a copy of the owner's ID and the original certificate.

Wire transfer:

The shareholder must fill out an application* stating his account number and updated information. Likewise, this transfer will be made on the date indicated for the delivery of dividends.

For more information contact the securities area: +51 (01) 517-1800 annex 3158 or email mblas@acerosarequipa.com

Dividend History

Declaration Date Cut-off date Record Date Payment Date Dividend per share (DPS)
2023-03-30 2023-04-18 2023-04-20 2023-04-24 $ 0.006113
2022-10-25 2022-11-10 2022-11-14 2022-11-16 $ 0.008862
2022-07-22 2022-08-10 2022-08-12 2022-08-16 $ 0.008529
2022-03-31 2022-04-19 2022-04-21 2022-04-22 $ 0.022741
2021-09-06 2021-09-21 2021-09-23 2021-09-24 $ 0.016771
2021-06-24 2021-07-12 2021-07-14 2021-07-15 $ 0.025977
2021-05-14 2021-05-31 2021-06-02 2021-06-03 S/ 0.103423
Declaration Date Cut-off date Record Date Payment Date S/ Dividend per share (DPS)
2013-03-26 2013-07-19 2013-07-24 2013-08-19 0.050000
2012-03-22 2012-06-12 2012-06-15 2012-07-10 0.400056
2011-03-25 2011-07-08 2011-07-13 2011-08-10 0.087599
2009-03-18 2009-07-17 2009-07-22 2009-08-11 0.108888
2008-03-17 2008-07-31 2008-08-05 2008-08-22 0.110620
2007-03-22 2007-07-13 2007-07-18 2007-08-08 0.404916

Analyst Coverage

News

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15-05-2023

Corporación Aceros Arequipa (CAASA), through its investment share (CORAREI1), has once again been incorporated into the S&P/BVL Peru General ESG Index of the Lima Stock Exchange (BVL) for the period May 2023-2024.

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12-05-2023

Aceros Arequipa donated US $60,000 to the Lima Foundation for the pumping system and accessories of this First “Emergency Water” Pilot Project in San Juan de Lurigancho.

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18-04-2023

Within the framework of the I Business Meeting "Business Leaders in Sustainability and Environmental Empathy" organized by the Ministry of the Environment, Corporación Aceros Arequipa (CAASA) obtains the "Clean Peru" recognition.

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23-03-2023

BBVA grants the first green import financing line for the steel sector for US$40 million to Aceros Arequipa. This new sustainable line will be used for the elimination and reuse of polluting solid waste (recycled steel) that will be transformed into new steel products.

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09-02-2023

The most important business monitor in Latin America recognized the work of the steel company that rose 23 positions compared to 2021.

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Frequently Asked Questions (FAQ)
Corporación Aceros Arequipa S.A.
(CAASA)

  • Where are CAASA shares traded?
    CAASA shares are traded through the Lima Stock Exchange under the mnemonics “CORAREC1” for common shares and “CORAREl1” for investment shares.
  • How do I find the number of CAASA shares that are outstanding?
    Common (CORAREC1) and Investment (CORAREI1) Shares:
  • What is the price of CAASA shares?
    Common (CORAREC1) and Investment (CORAREI1) Shares:
  • How do I buy CAASA shares?
    If you are interested in buying or selling CAASA shares, you should contact a local brokerage firm.
    You can find the list of local brokerage companies in the following link:
  • How can I contact the Investors relations office?
    You can contact the investor relations office by:
    - E-mail: accionistas@aasa.com.pe
    - Phone: (511) 517-1818
    - Scheduling an appointment to our offices (address: Av. Miró Quesada Nº425, Floor N° 17 – Magdalena del Mar, Lima, Peru)
  • How can I contact the Securities Department?
    You can contact the securities department by:
    - E-mail: mblas@aasa.com.pe
    - Phone: (511) 517-1800 extension 3158
  • What services does the Securities Department provide?
    The Securities Department provides information about dividends, payment date, tax certificates, stock certificates among other services.
  • How can I dematerialize shares?
    The shareholders should present their stock certificates and ID to a brokerage firm and fill a document requesting dematerialization. For more information about the advantages of this procedure please click the following link:
  • What is the dividend policy?
    For information about the Dividend Policy click the following link:
  • When is the dividend payment date?
    The dividend payment date usually is in May, September and December according to the dividend policy. For information about the Dividend Policy click the following link:
  • What dividend payment methods are available?
    For information about the “Dividend Payment Methods” click following link:
  • How can I request a wire transfer of dividends? (only applies for stock certificates)
    The shareholder must request and fill a form to be sent to the Securities Department. For more information click the following link:
  • What are the requirements to transfer ownership of shares?
    - The successors must send a letter to the Securities Department, which has to be signed by the succession representative, indicating the share distribution, full names, ID numbers and the number of shares of each of the successors.
    - A copy of the beneficiaries’ ID.
    - In the case there is a testament, a certified copy of its registration in SUNARP (a legalized copy if not registered).
    - In the case there is no testament, a copy of the registration of the intestate succession.
    - Stock certificate
  • How do I request an ownership transfer of shares by early inheritance?
    - Send a letter to the Securities Department requesting the transfer of shares. This letter should include the successors full names and the number of shares to be received. The letter must be signed by the originator and its signature should be legalized.
    Disclaimer: If any of the successors decides to quit in favor of another successor, this request should be included in the letter with legalized signs of both parties.
    - Copy of Public Records enrollment of early inheritance.
    - A copy of the ID, passport, or immigration card of each successor.
    - Stock certificate.
  • How can I correct the names and last names in the stock certificate?
    The shareholder should send a letter to the Securities Department requesting the correction of the name in the stock certificate according to his ID, the stock certificate number and the amount of shares the shareholder owns. This letter should be sent with the original stock certificate and a copy of the shareholder ID.
  • What is the procedure in case of loss or theft of the stock certificate?
    The shareholder must present a letter to the Securities Department indicating the loss or theft of the stock certificate and requesting the issuance of a new certificate. The request must be presented with a legalized signature, the police report, and a copy of their ID.
  • How many shares do I own?
    You can reach the Securities Department (17th floor of the Prisma Business Tower building in Av. Miró Quesada Nº425, Magdalena del Mar, Lima, Peru) and request your ownership with your ID or POA, or you can contact the Securities Department by:
    - E-mail: mblas@aasa.com.pe
    - Phone: (511) 517-1800 extension 3158
  • When does the company report its earnings?
    CAASA report its quarterly results four times a year:
    in January (fourth quarter earnings of the previous year)
    in April (first quarter earnings of the current year)
    In July (second quarter earnings of the current year)
    In October (the earnings of the third quarter of the current year).
    The approved audited financial statements are published the same day as the Annual General Meeting is held.

Contact

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