Dividend Policy

It rests ensured a minimum dividend and/or interest on shareholder’s equity of 25% of the net profit (after legal reserves and contingencies) assessed in each period, provided there is positive balance in the accrued profit/loss account, unless otherwise expressly decided at the General Meeting for cases allowed by Corporate Law. Company´s bylaws also authorize (i) analysis of financial balance sheets for semi-annual, quarterly or smaller periods, in which dividends and/or interest on shareholder’s equity may be reported; or (ii) declare interim dividends or interest on own capital, to the account of accrued profits or profit reserves stated in the prior yearly balance sheet.

Dividends are approved annually as established in the General Meeting, which takes place on the first four months of corporate year. Company´s Bylaws also allow the distribution of interim and intermediate dividends and interest on shareholder’s equity, in which both may be allotted to the compulsory dividends. The declaration of interim and intermediate dividends and interest on shareholder’s equity is incumbent on the Board of Directors.

Dividend and IOE History
Fiscal Year Closure Entitlement Date of Approval Base Date Gross Value Unit Value
2023 Feb/2024 IOE Feb/7/2024 Feb/21/2023 R$ 19 million R$0,0557
2023 Feb/2024 Dividends Feb/7/2024 Feb/21/2023 R$ 6 million R$0,0175
2023 Feb/2024 IOE Nov/22/2023 Nov/27/2023 R$ 25 million R$0,0729
2023 Feb/2024 IOE Aug/30/2023 Sep/04/2023 R$ 25 million R$0,0724
2022 Feb/2023 IOE May/26/2023 Jun/02/2023 R$ 25 million R$0,0718
2022 Feb/2023 IOE Feb/15/2023 Feb/22/2023 R$ 25 million R$0,0715
2022 Feb/2023 IOE Nov/24/2022 Dec/1/2022 R$ 25 million R$0,0714
2022 Feb/2023 IOE Aug/25/2022 Sep/1/2022 R$ 25 million R$0.0707
2021 Feb/2022 IOE May/19/2022 Jun/1/2022 R$ 25 million R$0.0697
2021 Feb/2022 Dividends May/19/2022 may/24/2022 R$ 30 million R$0.0836
2021 Feb/2022 IOE Feb/24/2022 Mar/3/2022 R$ 25 million R$0.0694
2021 Feb/2022 IOE Nov/25/2021 Dec/13/2021 R$ 25 million R$0.0691
2020 Feb/2021 IOE Aug/26/2021 Sep/1/2021 R$25 million R$0.0688
2020 Feb/2021 IOE May/27/2021 Jun/1/2021 R$20 million R$0.0548
2020 Feb/2021 IOE Feb/25/2021 Mar/22/2021 R$20 million R$0.0546
2020 Aug/2020 Dividends Dec/3/2020 Dec/8/2020 R$150 million R$0.4077
2020 Aug/2020 IOE Dec/3/2020 Dec/29/2020 R$20 million R$0.0544
2019 Feb/2020 IOE Aug/27/2020 Sep/1/2020 R$15 million R$0.0405
2019 Feb/2020 IOE Jun/9/2020 Jun/12/2020 R$15 million R$0.0405
2019 Nov/2019 IOE Feb/20/2020 Mar/9/2020 R$15 million R$0.0405
2019 Aug/2019 IOE Dec/6/2019 Dec/1/2019 R$15 million R$0.0405
2018 Mai/2019 IOE Ago/23/2019 Sep/2/2019 R$15 million R$0.0374
2018 Fev/2019 Dividends Jun/26/2019 Jun/26/2019 R$6 million R$0.0149
2018 Fev/2019 IOE Jun/26/2019 Jul/1/2019 R$15 million R$0.0373
2018 Nov/2018 IOE Mar/26/2019 Mar/29/2019 R$20 million R$0.0495
2018 Aug/2018 IOE Nov/22/2018 Nov/27/2018 R$45 million R$0.1113
2018 May/2018 IOE Aug/24/2018 Aug/29/2018 R$20 million R$0.0495
2017 Aug/2017 IOE Dec/12/2017 Dec/15/2017 R$65 million R$0.1585
2016 Feb/2017 Dividends Jun/30/2017 n.a. R$107,8 million n.a.
2016 Feb/2017 Dividends Jun/30/2017 n.a. R$48,9 million n.a.
2014 Feb/2015 Dividends Jun/29/2015 n.a. R$25,9 million n.a.


Updated at 02/08/2024 at 11:24 am