Grendene S.A. Proposes Distribution, Payable November 24, 2021
October 29, 2021 at 09:30 am EDT
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Grendene S.A. proposed to approve the accounts of 2021, the distribution of BRL 124 million (sic) [ BRL 134.7 million ] of dividends to be paid from 24th of November. And the action will be deal (sic) [ trade ] ex dividends from 8 November 2021 onwards BRL 0.15 per action (sic) [ share ].
Grendene SA is a Brazil-based company mainly engaged in the production and sale of synthetic footwear for domestic and foreign markets. The Company's activities are divided into two business segments: Footwear and Furniture. The Footwear division develops, manufactures, distributes and sells shoes for various uses and for all social classes, in the male, female, child and mass market segments. Its brand names portfolio includes Rider, Ipanema, Zaxi, Grendha, Grendene Kids and Melissa, among others. The Furniture division focuses on the sale, import and export of furniture and supplements made from plastic. The Company sells its products through commercial representatives, distributors and direct export. It operates a number of manufacturing plants in Brazil. It controls Grendene Argentina SA, MHL Calcados Ltda and Grendene USA Inc, among others.
GRENDENE S.A. 
