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The dividend will be paid to all shareholders as the close of business on June 29.

Ongoing progress to adopt Basel III standards in Colombia should improve both the credit profiles and capital adequacy of banks, said Fitch Ratings

“ISA's credit metrics reflect solid cash flow generation, moderate debt levels and adequate liquidity,” stated Fitch.

Though the rating is unchanged from the New York agency’s previous assessment, the status quo represents positive news for a country where economic growth has slowed.

The remaining $29 million USD payment was made last week with $6 million USD in cash, $13 million USD in stock, and a $10 million USD note.

The low projection is below the bulk of more optimistic predictions from various other groups that have weighed in.

Fitch: “The strength of Colombia's fiscal and macro policy institutions...are likely to prevent major economic policy changes."

The revenue of $314.5 million USD in 2017 was a record high for the Barranquilla-based window-maker.

The dividend is up slightly from the $0.125 USD-per-share dividend the Barranquilla company paid in the first quarter of 2017.

This was the first round of a planned $300 million USD series of corporate bond issuances.