Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated April 28, 2022, 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 28, 2022, regarding the distribution of dividends based on the financial results of the 2021 fiscal year.
Key Financial Metrics
- Total Net Income (2021): S/3,584,581,793.19 (Peruvian Soles).
- Total Cash Dividend Approved: S/1,415,734,755.00.
- Dividend Per Share: S/15.0000.
- Outstanding Shares: 94,382,317.
- Payment Currency: US Dollars (converted using the weighted exchange rate from the Superintendency of Banks, Insurance and Pension Funds).
The filing does not provide data on revenue, operating margins, cash flow, debt levels, or liquidity ratios.
Material Changes
This filing announces a specific corporate action (dividend distribution) rather than a comparative financial performance report. Consequently, no material changes in revenue, profit, or balance sheet items versus prior periods are disclosed in this document.
Guidance, Outlook, and Unusual Items
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies. The primary unusual item is the declaration of a cash dividend to be paid on June 10, 2022, to shareholders of record as of May 20, 2022. The dividend is payable without withholding tax at source.
Key Facts for Investor Verification
- Verify the record date of May 20, 2022, to confirm eligibility for the dividend.
- Confirm the payment date of June 10, 2022.
- Monitor the weighted exchange rate published by the Superintendency of Banks, Insurance and Pension Funds on June 8, 2022, to determine the final US Dollar amount per share.
- Note that the dividend amount is rounded up to four decimals in US Dollars.