Colombian companies are among the more generous dividend payers in Latin America, and many pay in installments spread across the year. This calendar lists the remaining 2026 payments for the main stocks on the Colombian Stock Exchange, with approximate dollar equivalents, plus what foreign and expat investors should keep in mind before buying for the dividend.
¿Prefieres leer en español? Calendario de dividendos 2026.
Upcoming dividend payments
| Payment date | Company | Per share (COP) | ≈ USD* | Notes |
|---|---|---|---|---|
| First 10 days of each month, through March 2027 | Grupo Aval | 2.65 | 0.0008 | Monthly; COP 31.80 total |
| Dec 2–10, 2026 | Cementos Argos | 107.50 | 0.034 | 4th installment of COP 430 ordinary |
| Dec 16, 2026 | ISA | 872 | 0.277 | 2nd installment (80%) of COP 1,090 |
| By Dec 18, 2026 | Grupo Energía Bogotá | 100.32 | 0.032 | 2nd installment (40%) of COP 250.80 |
| Dec 23, 2026 | Promigas | 175 | 0.056 | Extraordinary installment |
| Dec 29, 2026 | Grupo Cibest | 1,128 | 0.359 | 4th installment of COP 4,512 |
| Jan 15, 2027 | Grupo Sura | 500 | 0.159 | 4th installment of COP 2,000 |
| Jan 14–21, 2027 | Grupo Argos | 187.50 | 0.060 | 4th installment of COP 750 |
| Jan 28, 2027 | Celsia | 88 | 0.028 | 3rd installment of COP 208 |
How ex-dividend dates work in Colombia
In Colombia, the ex-dividend period covers the four trading days before each payment date. If you buy during that window, the payment goes to the seller. ISA, for example, pays on December 16 and its ex-dividend period runs from December 10 to 15, so you would need to own the shares by December 9.
What the dollar figures tell you
Per-share amounts in pesos can look large or tiny depending on the stock price, so the dollar column is mostly useful to compare against what you would pay for the shares. The meaningful number is the dividend yield: the annual dividend divided by the share price.
Example
Grupo Cibest pays COP 4,512 per share for 2026, about US$1.43 at today’s exchange rate. Whether that is attractive depends entirely on the share price you pay; a yield calculated with last year’s price and exchange rate can be very different today.
Our take
For dollar-based investors, a Colombian dividend is really two bets: the company’s ability to pay, and the peso’s value on payment day. This year the strong peso has made each peso of dividend worth more in dollars. If the peso weakens, the same dividend in pesos would translate into fewer dollars.
Ways foreign investors receive Colombian dividends
- Through ADRs: some companies, like Grupo Cibest (CIB) and Ecopetrol (EC), have American Depositary Receipts on the NYSE. Dividends are paid to ADR holders in dollars by the depositary bank, after conversion and fees, and the timing can differ from the local payment date.
- Through a local brokerage account: dividends are paid in pesos into your account.
- Through funds: Colombia ETFs collect the dividends and reflect them in the fund’s distributions or value.
Taxes: the part to check before you buy
Dividends paid by Colombian companies are subject to Colombian withholding tax, and rates and rules for non-residents can differ from those for residents and may change with tax reforms. If you hold the shares through ADRs or from another country, your home country may also tax them. Before buying primarily for income, confirm the net amount you would actually receive with your broker or a tax professional.
Our take on dividend investing in Colombia
- December and January are dividend season: seven of the nine upcoming payments fall between December 2 and January 28.
- Watch sustainability: Celsia, for example, is paying shareholders more than it earned in 2025. That can work for a year, but not indefinitely.
- Don’t buy just for the payment: share prices typically drop by roughly the dividend amount when the ex-dividend period begins, so the dividend alone is not “free money”.
Sources: profit distribution documents from ISA, Cementos Argos, Grupo Argos, Grupo Sura and Promigas; Forbes (Grupo Cibest); Valora Analitik (GEB, Celsia, Grupo Aval). This page is for information only and is not investment or tax advice.