Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bradesco) reports a corporate action approved by the Board of Directors on October 17, 2019. The filing serves as a notice to shareholders regarding the declaration of extraordinary dividends for the fiscal year ending December 31, 2019.
Key Financial Metrics
- Extraordinary Dividend Total: R$8,000,000,000.00 (8 billion Brazilian Reais).
- Dividend Per Common Share: R$0.948654134.
- Dividend Per Preferred Share: R$1.043519547.
- Dividend Source: Profit reserves account.
- Comparison to Regular Distributions: The approved amount is approximately 65 times the monthly interest on Shareholders' Equity.
- Tax Treatment: Paid without Withholding Income Tax under Article 10 of Law No. 9,249/95.
Material Changes and Corporate Actions
The primary material change is the declaration of a significant extraordinary dividend. Key dates and conditions include:
- Record Date: Shareholders registered in the Company's books on October 17, 2019.
- Ex-Right Date: October 18, 2019.
- Payment Date: October 23, 2019.
- Impact on Mandatory Dividends: This payment is not computed in the calculation of mandatory dividends for the fiscal year.
- Impact on Regular Schedule: The resolution does not alter the schedule for monthly, interim, or complementary interest on Shareholders' Equity.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements regarding future economic circumstances, industry conditions, and company performance. Management notes that actual results may differ materially from expectations due to risks including general economic and market conditions. No specific financial guidance or outlook for future periods is provided in this document beyond the confirmation of the dividend payment schedule.
Investor Verification Checklist
- Verify share registration status as of October 17, 2019, to ensure eligibility for the extraordinary dividend.
- Confirm that bank details and registration information are up to date to facilitate payment on October 23, 2019.
- Review the distinction between this extraordinary dividend and the mandatory dividends or monthly interest on equity to understand total shareholder return for the period.
- Check the Material Fact disclosed on October 7, 2019, for additional terms referenced in this filing.