Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on September 25, 2019, reports a material event for Credicorp Ltd., a Bermuda-based foreign private issuer. The filing details a decision made by the Board of Directors during a session held on September 25, 2019.
Key Financial Metrics
The filing focuses exclusively on a dividend declaration and does not provide comprehensive financial statements for the period. Key figures related to the dividend include:
- Total Dividend Amount: PEN 755,058,536.00
- Dividend Per Share: PEN 8.0000
- Outstanding Shares: 94,382,317
- Payment Currency: US Dollars (converted from PEN)
- Payment Date: November 22, 2019
- Record Date: October 23, 2019
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The primary material change is the authorization of a cash dividend distribution. The Board approved this distribution based on the company's 2019 Retained Earnings and freely available Optional Reserves. No other material changes to operations or financial position are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies beyond the standard legal disclaimer regarding the filing status under the Securities Exchange Act of 1934. The dividend payment mechanism involves a currency conversion using the weighted exchange rate registered by the Peruvian Superintendency of Banks, Insurance and Pension Funds (SBS) as of the close of business on November 20, 2019, with the final USD amount rounded up to four decimals.
Investor Verification Checklist
- Verify the record date of October 23, 2019, to confirm eligibility for the dividend.
- Monitor the exchange rate published by the SBS on November 20, 2019, to calculate the exact USD payout per share.
- Confirm the payment date of November 22, 2019, for cash receipt.
- Review the company's full 2019 financial statements to assess the impact of this distribution on retained earnings and liquidity.