Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) relates to the period ending June 30, 2013. The document announces a Board of Directors decision made on June 27, 2013, regarding the distribution of Intermediary Interest on Shareholders' Equity for the first half of 2013.
Key Financial Metrics
- Total Intermediary Interest Approved: R$830 million.
- Per Share Amount (Gross): R$0.188253558 per common share and R$0.207078914 per preferred share.
- Per Share Amount (Net): R$0.160015524 per common share and R$0.176017077 per preferred share (net of 15% Withholding Income Tax).
- Payment Date: July 18, 2013.
- Ex-Right Date: June 28, 2013.
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes
The filing does not contain comparative financial data or material changes versus prior periods. It focuses solely on the approval of the specific interim distribution.
Management Commentary and Corporate Actions
- Dividend Treatment: The approved Intermediary Interest will be computed in the calculation of mandatory dividends for the fiscal year, as required by the Company's bylaws.
- Frequency Context: The amount represents approximately 10 times the monthly interest on shareholders' equity typically paid.
- Taxation: Individual shareholders are subject to a 15% Withholding Income Tax. Corporate shareholders are exempt from this tax and will receive the gross declared amount.
- Payment Logistics: Payments will be made via credit to current accounts for shareholders with updated data at the Company or via brokerage institutions for shares deposited at BM&FBOVESPA.
Investor Verification Checklist
- Verify the record date for shareholder eligibility (June 27, 2013).
- Confirm the ex-right trading date of June 28, 2013.
- Check if banking data is updated to ensure direct credit of the net payment on July 18, 2013.
- Review the Company's bylaws regarding the treatment of Intermediary Interest toward mandatory annual dividends.