Marfrig announced 2.5 billion reais ($434 million) in dividends, following a strong cash flow and record results from its subsidiary, the chicken giant BRF.
Additionally, the 5.7 billion reais ($990 million) payment made by Minerva to Marfrig for the acquisition of 13 slaughterhouses in October will enable meatpacker to reward shareholders while reducing leverage from 3x to 2.5x.
BRF posted a EBITDA of nearly 3 billion reais ($520 million) in the third quarter, a record for the period, with a 19% margin.
