Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K reports a material event for Credicorp Ltd., a Bermuda-based foreign private issuer, filed on February 17, 2005. The filing notifies the Peruvian securities regulator (CONASEV) and the SEC regarding a dividend declaration approved by the Board of Directors.
Key Financial Metrics
- Dividend Declaration: Total cash dividend of US$75,505,853.60.
- Dividend Per Share: US$0.80 per share.
- Outstanding Shares: 94,382,317 common shares.
- Consolidated Net Income (Fiscal Year 2004): US$130.7 million.
- Revenue, Cash Flow, Debt, and Liquidity: The filing text does not provide specific values for revenue, operating cash flow, debt levels, or liquidity ratios beyond the net income figure cited as the basis for the dividend.
Material Changes and Events
The primary material event is the Board's decision to distribute a portion of the 2004 consolidated net income to shareholders. The dividend is payable on May 2, 2005, to shareholders of record on April 19, 2005. The text does not provide comparative financial data for the prior period to assess year-over-year changes in revenue or profit margins.
Guidance, Outlook, and Risks
The filing includes a standard forward-looking statements disclaimer. Management notes that statements regarding future operations, financial condition, liquidity, and dividend payments are based on current estimates and assumptions. These are subject to risks and uncertainties, including general economic and market conditions, which could cause actual results to differ materially from expectations. No specific operational guidance or new risk factors were disclosed in this specific filing.
Investor Verification Checklist
- Verify the record date (April 19, 2005) and payment date (May 2, 2005) for dividend eligibility.
- Confirm the total number of outstanding shares (94,382,317) to validate the per-share calculation.
- Review the full 2004 annual report (Form 20-F) for detailed revenue, expense, and cash flow data, as this filing only cites net income.
- Monitor subsequent filings for any changes to the dividend payment schedule or amount.