Business Context and Reporting Period
This Form 6-K filing by Companhia de Saneamento Básico do Estado de São Paulo (SABESP) reports on a corporate action approved at the Annual and Extraordinary Shareholders' Meeting held on April 29, 2021. The filing pertains to the payment of Interest on Own Capital (JCP) for the fiscal year ended December 31, 2020.
Key Financial Metrics
- Interest on Own Capital (JCP) Total: R$ 271,968,576.88
- Per Share Amount: R$ 0.3979 per common share
- Payment Date: June 28, 2021
- Record Date: April 29, 2021
- Ex-Interest Date: April 30, 2021
The filing does not provide data on revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes
The document does not contain comparative financial data or analysis of material changes versus prior periods. It strictly announces the distribution of capital interest approved for the 2020 fiscal year.
Guidance, Outlook, and Risks
Management Commentary: The JCP payment will be computed in the calculation of mandatory minimum dividends in accordance with Article 49 of the Company's Bylaws and Article 9, paragraph 7, of Law 9,249/95.
Withholding Tax: Income tax will be withheld from the declared amount unless shareholders prove immunity or exemption status by May 7, 2021.
Forward-Looking Statements: The filing includes a standard disclaimer that statements regarding future operations, financial condition, and capital expenditure plans are based on current estimates and are subject to risks and uncertainties that could cause actual results to differ materially.
Investor Verification Checklist
- Verify the ex-interest date of April 30, 2021, to confirm eligibility for the R$ 0.3979 per share payment.
- Confirm that banking instructions and tax identification numbers (CPF/CNPJ) are up to date with Bradesco S.A. to ensure timely credit on June 28, 2021.
- Review the Company's full 2020 Annual Report (Form 20-F) for comprehensive revenue, profit, and debt metrics not included in this specific 6-K filing.
- Check the Investor Relations website for the specific declaration form required for tax-exempt entities (e.g., pension funds, insurance companies).