The board of Brazilian natural-gas distributor Comgas (CGAS5.BR) approved the payment of 34.4 million Brazilian reals ($19 million) in dividends, in the form of interest on its own equity, the company said late Tuesday in a statement.

Comgas said it will pay BRL0.28 per each common share and BRL0.31 per preferred share.

The payment will be effected on July 30 and will be based on shareholder position as of June 30.

Comgas operates in Sao Paulo and is controlled by BG Group PLC (BG.LN).

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com
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