Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on March 3, 2009, reports a material event regarding Credicorp Ltd., a Bermuda-based financial holding company. The filing notifies the U.S. Securities and Exchange Commission of a Board of Directors meeting held on February 27, 2009, concerning the financial results for the fiscal year ended December 31, 2008, and the upcoming Annual General Meeting of Shareholders scheduled for March 31, 2009.
Key Financial Metrics
- Net Income (2008): US$ 357,755,866.85
- Retained Earnings (Available for Distribution): US$ 21,924,166.37
- Total Distributable Amount: US$ 379,680,033.22
- Dividend Declaration: US$ 141,573,475.50 total cash dividend
- Dividend Per Share: US$ 1.50
- Outstanding Shares: 94,382,317
- Transfer to Legal Reserves: US$ 238,106,557.72
The filing does not provide specific values for revenue, operating margins, cash flow, debt levels, or liquidity ratios. The filing text does not provide a clear value for these metrics.
Material Changes and Corporate Actions
The primary material event is the unanimous Board approval to pay a cash dividend of US$ 1.50 per share. The dividend is payable on May 13, 2009, to shareholders of record as of April 20, 2009. Additionally, the Board approved the transfer of approximately US$ 238.1 million to legal reserves. The filing also notes the submission of the 2008 Annual Report and audited consolidated financial statements for shareholder approval.
Guidance, Outlook, and Risks
The document contains a standard forward-looking statements disclaimer. It notes that statements regarding future dividends, operating strategies, capital expenditures, and financial conditions are based on management's current estimates and are subject to risks and uncertainties. No specific quantitative guidance or outlook for 2009 is provided in this text. The filing references general economic and market conditions as potential factors affecting future results.
Investor Verification Checklist
- Verify the record date (April 20, 2009) and payment date (May 13, 2009) for the US$ 1.50 per share dividend.
- Confirm the total number of outstanding shares (94,382,317) to validate the total dividend payout calculation.
- Review the full 2008 Annual Report and audited financial statements (referenced but not included in this text) for detailed revenue, expense, and balance sheet data.
- Check for any subsequent filings regarding the outcome of the Annual General Meeting scheduled for March 31, 2009.