Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of March 2008. The report specifically addresses a Board of Directors meeting held on March 3, 2008, regarding the approval of complementary dividends for the fiscal year 2007.
Key Financial Metrics
- Complementary Dividends Approved: R$65,200,000.00 total.
- Dividend Per Share: R$0.030760433 per common stock; R$0.033836477 per preferred stock.
- Total 2007 Distributions: The cumulative amount of Interest on Own Capital and Dividends paid to stockholders for the 2007 fiscal year totals R$2,822,796,086.42.
- Tax Status: Payments are made with no Withholding Income Tax under Article 10 of Law #9,249/95.
Material Changes and Events
The primary material event is the declaration of complementary dividends for the 2007 fiscal year. The filing notes that the company's stocks will trade "ex-right" on these dividends starting April 3, 2008. The actual payment date is scheduled for March 17, 2008. The filing text does not provide comparative financial performance metrics (revenue, profit, cash flow) for the current period versus prior periods.
Guidance, Outlook, and Risks
The filing includes a standard forward-looking statements disclaimer. Management notes that statements regarding future operations, financial condition, liquidity, and dividend strategies are based on current estimates and are subject to risks and uncertainties. There is no guarantee that expected trends will occur. The text does not provide specific quantitative guidance or detailed risk factors beyond the general disclaimer.
Investor Verification Checklist
- Verify the record date of March 3, 2008, to confirm eligibility for the complementary dividend.
- Confirm the ex-dividend trading date of April 3, 2008.
- Validate the payment date of March 17, 2008, for the R$65.2 million distribution.
- Review the total 2007 distribution figure of R$2.82 billion to assess total shareholder return for the fiscal year.