SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated June 29, 2005, reports on a corporate action taken by SABESP, a publicly held Brazilian utility company. The filing details a Board of Directors meeting held on June 23, 2005, regarding the declaration of Interest on Own Capital for the second quarter of 2005.
Key Financial Metrics
- Dividend Declaration: The Board approved a payment of Interest on Own Capital totaling R$66,800,000.00 (sixty-six million and eight hundred thousand reais).
- Per Share Amount: R$2.35 per thousand common shares.
- Payment Timing: Payment is scheduled no later than 60 days after the 2006 Annual Shareholders' Meeting.
- Record Date: July 6, 2005.
- Ex-Interest Date: July 7, 2005.
- Other Metrics: 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 discuss material changes in operating results versus prior periods. The primary material event is the declaration of the specific dividend amount for Q2 2005.
Guidance, Outlook, and Risks
The document includes a standard Forward-Looking Statements disclaimer. It notes that statements regarding future operations, capital expenditure plans, and financial results are based on management's current estimates and are subject to risks and uncertainties, including general economic and market conditions. No specific quantitative guidance or outlook for future periods is provided in this text.
Investor Verification Checklist
- Verify the exact payment date, which is contingent on the timing of the 2006 Annual Shareholders' Meeting.
- Confirm tax withholding status, as income tax applies unless the shareholder provides proof of immunity or exemption by December 16, 2005.
- Ensure banking instructions (CPF/CNPJ and account details) are updated with Banco Itaú S.A. to avoid delays in credit availability.
- Confirm the ex-interest trading date of July 7, 2005, for share ownership eligibility.