Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Credicorp Ltd., a Bermuda-based foreign private issuer, reports a material event for the month of May 2019. The filing, dated May 8, 2019, concerns the finalization of dividend payment calculations based on the official exchange rate.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to the dividend distribution:
- Dividend per Share (USD): US$6.0332
- Dividend per Share (PEN): S/20.00
- Exchange Rate Used: S/3.3150 per US Dollar (as registered by the Peruvian Superintendence of Banking, Insurance and AFP on May 8, 2019)
- Payment Date: May 10, 2019
Material Changes
This filing represents a procedural update to a previously announced dividend distribution agreement adopted by the Board of Directors on February 27, 2019. The material change is the confirmation of the specific exchange rate used to convert the fixed Peruvian Sol dividend into US Dollars for payment.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the specific mechanics of the dividend payment. The document strictly addresses the calculation methodology for the upcoming distribution.
Key Facts for Investor Verification
- Verify the record date for the dividend to ensure eligibility for the US$6.0332 per share payment.
- Confirm the payment date of May 10, 2019, for cash flow planning.
- Note that the dividend amount in USD is variable based on the exchange rate fixed by Peruvian regulators on the calculation date.
- Review the February 27, 2019 Board meeting minutes or prior filings for the original dividend declaration details.