Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on October 5, 2006. The report announces the Board of Directors' approval of a distribution plan for Complementary Interest on Own Capital and Dividends related to the fiscal year 2006, with payments scheduled for December 7, 2006.
Key Financial Metrics and Distributions
The filing details specific per-share distribution amounts and total aggregate values for the 2006 fiscal year. The total distribution package represents approximately 41.3 times the monthly interest paid.
| Metric | Common Stock (R$) | Preferred Stock (R$) |
|---|---|---|
| Complementary Interest on Own Capital (Gross) | 0.784333536 | 0.862766889 |
| Complementary Interest (Net of 15% Tax) | 0.666683505 | 0.733351856 |
| Dividends | 0.568954689 | 0.625850158 |
| Total Distribution per Share | 2.061513225 | 2.267664547 |
Total Aggregate Distribution (R$):
- Monthly Interest Paid: 290,052,338.75
- Monthly Interest (Oct-Dec 2006): 101,075,536.71
- Intermediary Interest (1st Half): 336,990,727.74
- Complementary Interest: 806,452,828.19
- Dividends: 585,000,000.00
- Total: 2,119,571,431.39
Material Changes and Prior Period Comparison
The filing does not provide comparative financial data for the prior fiscal year or specific year-over-year percentage changes in revenue, profit, or margins. The document focuses exclusively on the declaration of the 2006 distribution amounts.
Guidance, Outlook, and Risks
Future Distributions: Management noted that the Company may distribute additional Interest on Own Capital and/or Dividends based on the final results reached in the fiscal year 2006.
Taxation: Complementary Interest is subject to a 15% Withholding Income Tax for most stockholders, except for legal entities exempted from this taxation. Dividends are paid without Withholding Income Tax charges.
Risks and Uncertainties: The filing includes a standard forward-looking statements disclaimer. It warns that statements regarding future operations, financial condition, liquidity, and dividend payments are based on current estimates and assumptions. Actual results may differ materially due to economic conditions, industry trends, and operating factors.
Investor Verification Checklist
- Verify the final audited results for the fiscal year 2006 to confirm if additional distributions will be declared.
- Confirm the record date for stockholders to be eligible for the December 7, 2006 payment (stated as October 5, 2006).
- Check the tax status of the holding entity to determine if the 15% withholding tax applies to the Complementary Interest.
- Review the full 2006 annual report (Form 20-F) for comprehensive revenue, profit, and debt metrics not included in this summary.