Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on August 29, 2011, for the month of August 2011. The document serves as a notification regarding a corporate action approved by the Board of Directors concerning the Monthly Dividends paid to shareholders under the Monthly Compensation System.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to the dividend per share adjustments:
- Common Shares Dividend: Increased from R$0.013219250 to R$0.014541175.
- Preferred Shares Dividend: Increased from R$0.014541175 to R$0.015995293.
- Dividend Increase Percentage: 10%.
Material Changes
The primary material change is the 10% increase in the monthly dividend amount for both common and preferred shares. This adjustment supersedes a previous disclosure made on August 19, 2011, which did not reflect this increase. The new dividend values are effective for the September 2011 dividend period.
Guidance, Outlook, and Risks
Management Commentary: The Board of Directors approved the increase based on a proposal from the Board of Executive Officers. The payment will be made without Withholding Income Tax under Article 10 of Law # 9,249/95.
Forward-Looking Statements: The filing includes a standard disclaimer stating that forward-looking statements are based on management's current views and estimates. These statements are subject to risks and uncertainties, including general economic and market conditions, which could cause actual results to differ materially from expectations.
Payment Logistics:
- Payment Date: October 3, 2011.
- Record Date: September 1, 2011.
- Ex-Right Date: September 2, 2011.
Investor Verification Checklist
- Verify the record date of September 1, 2011, to confirm eligibility for the increased dividend.
- Confirm that shareholder banking data and tax identification (CPF) are updated to ensure receipt of funds via credit or branch withdrawal.
- Note that the dividend increase applies specifically to the September 2011 payment cycle.
- Review the ex-right trading date of September 2, 2011, for share trading implications.