Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated April 25, 2024, reports a material event for Credicorp Ltd., a foreign private issuer. The filing details a decision made by the Board of Directors during a session held on April 25, 2024, regarding the distribution of dividends based on the financial results of the 2023 fiscal year.
Key Financial Metrics
- Total Net Income (2023): S/4,865,540,233.17
- Total Cash Dividend Approved: S/3,303,381,095.00
- Dividend Per Share: S/35.0000
- Issued Shares: 94,382,317
- Payment Currency: US Dollars (converted from Peruvian Soles)
Material Changes and Dividend Details
The Board unanimously approved a cash dividend payout. The dividend is payable on June 14, 2024, to shareholders of record as of May 20, 2024. The payment will be made without withholding tax at source. The conversion from Peruvian Soles to US Dollars will utilize the weighted exchange rate registered by the Peruvian Superintendency of Banks, Insurance and Pension Funds (SBS) at the close of business on June 12, 2024. The final US Dollar amount per share will be rounded up to four decimals.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard legal disclaimer. The document explicitly states that the information is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section.
Key Facts for Investor Verification
- Verify the record date of May 20, 2024, to confirm eligibility for the dividend.
- Monitor the exchange rate published by the SBS on June 12, 2024, to determine the exact US Dollar payout amount.
- Confirm the payment date of June 14, 2024, for cash flow planning.
- Note that the dividend is paid without withholding tax at source.