SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated April 20, 2006, reports on a corporate action taken by SABESP, a publicly held Brazilian utility company. The filing announces the Board of Directors' approval of a dividend payment in the form of Interest on Own Capital (JCP) for the first quarter of 2006. The reference date for shareholders is May 3, 2006.
Key Financial Metrics
- Total Dividend Amount: R$129,582,079.11 (Brazilian Reais).
- Per Share Amount: R$4.55 per thousand common shares.
- Payment Terms: Payment is scheduled no later than 60 days after the 2007 Annual Shareholders' Meeting.
- Taxation: Income tax will be withheld pursuant to applicable laws, with exemptions available for specific entities (e.g., pension funds, insurance companies) upon proof of status by August 31, 2006.
- Record Date: Shares trade ex-interest starting May 4, 2006.
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes
The filing does not contain comparative financial data or discuss material changes in operating results versus prior periods. The primary material event is the declaration of the Interest on Own Capital, which counts toward the mandatory minimum dividend requirement under the Company's Bylaws and Law 9249/95.
Guidance, Outlook, and Risks
The document includes a standard forward-looking statements disclaimer. It notes that statements regarding future operations, capital expenditure plans, and financial results are based on management's current estimates and are subject to risks and uncertainties, including general economic conditions and industry factors. No specific operational guidance or risk factors beyond this general disclaimer are detailed in this filing.
Investor Verification Checklist
- Verify the exact payment date, as it is contingent on the timing of the 2007 Annual Shareholders' Meeting.
- Confirm tax exemption status if applicable (e.g., for pension funds or insurance companies) and ensure documentation is submitted by August 31, 2006.
- Ensure banking instructions and tax identification numbers (CPF/CNPJ) are up to date with Banco Itaú S.A. to avoid payment delays.
- Confirm the ex-interest trading date of May 4, 2006, for share valuation purposes.