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Chile steelmaker CAP pays 100 pesos/share dividend

Fri Sep 5, 2008 5:48pm EDT
 
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SANTIAGO, Sept 5 (Reuters) - Chilean steelmaker and iron ore miner CAP CAP.SN said on Friday it would pay a provisional dividend of 100 pesos per share from its 2008 profits.

CAP, which has affiliates in Argentina and Peru, said in a statement to the Chilean stock market regulator that the dividend would be paid on Oct. 15.

CAP, Chile's biggest steel and iron ore producer, said in August its first-half net profit rose 8.7 percent year-on-year to $160 million and approved a $550 million investment to boost output of sheet steel and build a galvanizing plant by 2011. (Reporting by Antonio de la Jara; Editing by Andre Grenon)

 

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