Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bradesco) reports a material fact regarding the payment of supplementary dividends. The filing date is February 5, 2020, covering a decision made on February 4, 2020, to be submitted to the Board of Directors on February 17, 2020. The dividends relate to the fiscal year 2019.
Key Financial Metrics
- Supplementary Dividend Proposal: Totaling R$490,918,326.79.
- Per Share Amounts: R$0.058213963 per common share and R$0.064035359 per preferred share.
- Total 2019 Interest and Dividends: R$7,863,776,318.38 (including the proposed supplementary amount).
- Historical Extraordinary Dividend: R$8,000,000,000.00 paid on October 23, 2019, from "Profit Reserves – Statutory."
- Total Shareholder Returns (2019 + Oct 2019): R$15,863,776,318.38.
- Comparison to Monthly Interest on Equity: The proposed supplementary amount is approximately 3.3 times the monthly interest on Shareholders' Equity.
The filing text does not provide clear values for revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes
The primary material change is the proposal to distribute supplementary dividends for the 2019 fiscal year. This action complements previously distributed values and follows a significant extraordinary dividend payment of R$8 billion made in October 2019.
Guidance, Outlook, and Risks
Management Commentary: The Board of Executive Officers has proposed the dividend payment, subject to Board of Directors approval on February 17, 2020. Payment is scheduled for February 28, 2020, without income tax withholding under Article 10 of Law No. 9,249/95.
Risks and Contingencies: The filing includes standard forward-looking statements. Management notes that actual results may differ materially from expectations due to general economic conditions, industry conditions, and operating factors. There is no guarantee that the proposed dividend will be approved or that expected trends will occur.
Investor Verification Checklist
- Confirm the final approval of the supplementary dividend proposal by the Board of Directors on February 17, 2020.
- Verify the record date of February 17, 2020, and the ex-right trading date of February 18, 2020.
- Monitor the actual payment execution on February 28, 2020.
- Review the full 2019 annual report (Form 20-F) for comprehensive revenue, profit, and liquidity metrics not detailed in this specific 6-K filing.