Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) reports a material fact regarding shareholder distributions for the fiscal year ending December 31, 2011. The announcement was made on December 12, 2011, following a Board of Directors meeting.
Key Financial Metrics and Distributions
The filing details the approval of Complementary Interest on Own Capital for 2011. Key distribution figures include:
- Total Complementary Interest Approved: R$2,309,800,000.00
- Per Share Amount (Gross): R$0.576206221 (Common) and R$0.633826844 (Preferred)
- Per Share Amount (Net of 15% Tax): R$0.489775288 (Common) and R$0.538752817 (Preferred)
- Payment Date: March 8, 2012
- Ex-Right Date: December 13, 2011
The filing provides a summary of total shareholder returns for 2011:
| Item | Total Value (R$) |
|---|---|
| Monthly Dividends Paid | 596,769,624.30 |
| Intermediary Interest (1st Half) Paid | 624,187,246.15 |
| Subtotal - Paid Value | 1,220,956,870.45 |
| Monthly Dividends (Jan 2, 2012) | 58,287,290.02 |
| Complementary Interest (Mar 8, 2012) | 2,309,800,000.00 |
| Total 2011 Distributions | 3,589,044,160.47 |
The filing does not provide specific data on revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes and Commentary
The Complementary Interest approved represents approximately 39.6 times the monthly dividend amount paid, or 33.7 times the monthly dividend amount net of withholding tax. The filing notes that on August 29, 2011, the company approved a 10% increase in monthly dividends, effective October 2011. The paid interest will be computed net of withholding tax for the calculation of mandatory dividends for the fiscal year.
Outlook and Risks
Management indicated that based on the final results of the 2011 fiscal year, the company may distribute additional interest and/or dividends to shareholders. The filing includes standard forward-looking statements, noting that future results depend on economic conditions, industry trends, and operating factors, with no guarantee that expected events will occur.
Investor Verification Checklist
- Verify the record date for shareholder eligibility (shares registered on the date of the Board meeting).
- Confirm the net payout amount applicable to specific share classes after the 15% withholding tax.
- Monitor future announcements for potential additional distributions based on final 2011 fiscal results.
- Note that this filing does not contain audited financial statements; refer to the Form 20-F for comprehensive financial data.