Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of January 2005. The document serves as a formal notification to the U.S. Securities and Exchange Commission regarding the Board of Directors' approval to pay monthly interest on own capital to stockholders.
Key Financial Metrics
The filing details specific per-share payment amounts for the month of January 2005, adjusted for a stock splitting transaction approved in December 2004. The filing does not provide aggregate revenue, profit, cash flow, margin, debt, or liquidity figures for the period.
- Interest on Own Capital (Gross): R$0.0470600 per common stock; R$0.0517660 per preferred stock.
- Interest on Own Capital (Net): R$0.0400010 per common stock; R$0.0440011 per preferred stock (after 15% withholding tax).
- Record Date: January 3, 2005.
- Payment Date: February 1, 2005.
Material Changes
The filing notes that the payment amounts reflect a stock splitting transaction deliberated at the Special Stockholders' Meeting on December 9, 2004, and approved by the Central Bank of Brazil. No comparative financial data or material changes in operating results versus prior periods are provided in this specific document.
Guidance, Outlook, and Risks
The document includes a standard forward-looking statements disclaimer. It warns that statements regarding future economic circumstances, industry conditions, and company performance are based on management's current estimates and are subject to risks and uncertainties. There is no specific operational guidance or outlook provided beyond the scheduled interest payment.
Contingencies and Unusual Items: The filing specifies that legal entity stockholders exempt from taxation will receive the gross declared amount, while others are subject to a 15% withholding income tax. Payments for stocks under custody at CBLC will be transferred through depository brokers.
Investor Verification Checklist
- Verify the record date (January 3, 2005) to confirm eligibility for the interest payment.
- Confirm the net payment amount received, accounting for the 15% withholding tax unless the investor is a tax-exempt legal entity.
- Review the impact of the December 2004 stock split on share count and per-share value.
- Check the payment execution date of February 1, 2005.