Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of March 2004. The document serves as a formal notification regarding the Board of Directors' approval of interest payments on own capital for the period.
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 distribution of interest on own capital:
- Interest on Common Stock: R$0.0141180 per lot of 1,000 stocks (gross).
- Interest on Preferred Stock: R$0.0155298 per lot of 1,000 stocks (gross).
- Net Payment (Large Holders): R$0.0120 (common) and R$0.0132 (preferred) per lot of 1,000 stocks after a 15% withholding tax deduction.
- Record Date: March 1, 2004.
Material Changes
The filing does not report material changes in financial performance, operational results, or balance sheet items compared to prior periods. It solely announces the execution of a routine capital interest payment.
Guidance, Outlook, and Risks
Management Commentary: The Board approved the payment pursuant to Corporate Bylaws and legal provisions. These interest payments will be computed toward the minimum compulsory dividend for the year.
Payment Schedule:
- Stockholders with positions of 100,000 or more stocks: Payment on April 1, 2004.
- Stockholders with positions up to 99,999 stocks: Payment on July 1, 2004 (unless anticipated via written request).
Risks and Forward-Looking Statements: The document includes a standard disclaimer stating that forward-looking statements are based on current estimates and are subject to risks and uncertainties, including economic and market conditions. There is no guarantee that expected events will occur.
Investor Verification Checklist
- Verify the record date of March 1, 2004, to confirm eligibility for the interest payment.
- Confirm the applicable withholding tax rate (15%) for individual investors versus exemptions for legal entities.
- Check the specific payment date based on the size of the stockholder's position (April 1 vs. July 1).
- Review the company's annual report (Form 20-F) for full financial metrics, as this filing contains only distribution details.