Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on November 25, 2005, regarding the month of November 2005. The filing announces the payment of monthly interests on own capital to shareholders in accordance with the Brazilian System for Monthly Payment to Shareholders.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on shareholder distributions.
- November 2005 Interest on Own Capital (Gross): R$0.057000 per common stock; R$0.062700 per preferred stock.
- November 2005 Interest on Own Capital (Net of 15% Withholding Tax): R$0.048450 per common stock; R$0.053295 per preferred stock.
- Record Date: November 1, 2005.
- Payment Date: December 1, 2005.
Material Changes and Unusual Items
The filing details a material corporate action affecting future distributions: a 100% bonus stock (stock split) approved on November 11, 2005. This action was intended to improve share liquidity and adjust the market quote value to a more attractive trading level.
- December 2005 Interest Adjustment: Due to the 100% bonus stock, the interest per share for December 2005 (payable January 2, 2006) is adjusted to R$0.028500 per common stock and R$0.031350 per preferred stock.
- Record Date for December Payment: December 1, 2005.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements regarding management's current views on future economic circumstances, industry conditions, and company performance. It explicitly states that there is no guarantee that expected events or trends will occur and that actual results may differ materially due to risks and uncertainties.
Investor Verification Checklist
- Verify the record date (November 1, 2005) to confirm eligibility for the November 2005 interest payment.
- Confirm the impact of the 100% bonus stock on the number of shares held and the adjusted per-share interest rate for December 2005.
- Check banking data on file with Banco Bradesco to ensure automatic credit of the net interest payment.
- Review the 15% withholding income tax applicability based on shareholder status (individual vs. legal entity).