SANTIAGO, March 18 (Reuters) - Chile’s Soquimich (SQM), a top fertilizer exporter and the world’s largest producer of lithium and iodine, said on Tuesday it would propose a $0.44459 per share dividend at its next shareholder meeting.
The Santiago-based company SQM_pb.SN (SQM.N) said the proposed dividend would be equal to 65 percent of distributable liquid profit from the 2007 fiscal year.
Soquimich net profit rose 27.4 percent to $180 million last year compared with 2006 amid booming markets for its products.
SQM has commercial offices in 20 countries worldwide. (Reporting by Antonio de la Jara; writing by Pav Jordan; editing by Phil Berlowitz)