Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of March 2003. The document reports on a Board of Directors meeting held on March 5, 2003, regarding the approval of Monthly Interest on Own Capital payments to stockholders.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. The primary financial data disclosed relates to shareholder distributions:
- Common Stock Interest: Increased from R$0.0117650 to R$0.0141180 per lot of 1,000 stocks.
- Preferred Stock Interest: Increased from R$0.0129415 to R$0.0155298 per lot of 1,000 stocks.
- Net Payment (after 15% tax): R$0.0120 for common stock and R$0.0132 for preferred stock per lot of 1,000 stocks.
- Taxation: A 15% Income Withholding Tax applies, except for exempt legal entity stockholders.
Material Changes
The Board approved a 20% increase in the Monthly Interest on Own Capital effective for the month of March 2003. This represents a material change in the distribution rate compared to the prior period.
Guidance, Outlook, and Risks
Payment Schedule:
- Stockholders with positions of 100,000 stocks or more will receive payment on April 1, 2003.
- Stockholders with positions up to 99,999 stocks will receive payment on July 1, 2003, unless they submit a written request for early payment.
Investor Verification Checklist
- Verify the exact number of shares held to determine the applicable payment date (April 1 vs. July 1).
- Confirm tax status to determine if the 15% withholding tax applies or if the gross amount is receivable.
- Check the impact of this interest payment on the company's minimum compulsory dividend requirement for the fiscal year.
- Review subsequent filings for actual revenue and profit performance, as this document contains no operational financial results.