Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on March 8, 2007, covering the month of March 2007. The report details a Board of Directors meeting held on March 5, 2007, regarding the distribution of shareholder remuneration for the fiscal year 2006.
Key Financial Metrics
- Dividend Declaration: Complementary dividends, interest on own capital, and dividends for fiscal year 2006 were approved at R$0.038062452 per common stock and R$0.041868697 per preferred stock.
- Total Distribution: Including the current declaration, a total of R$2.160 billion was distributed to stockholders for fiscal year 2006.
- Payout Ratio: Total distributions accounted for 44.98% of net income (net of Withholding Income Tax, the ratio was 40.19%).
- Payment Date: March 15, 2007.
- Tax Status: Payments are made with no Withholding Income Tax under Article 10 of Law # 9,249/95.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity metrics for the current or prior periods.
Material Changes
The filing does not report material changes in operational metrics or financial performance compared to prior periods. The primary event is the finalization of the 2006 fiscal year dividend distribution plan.
Guidance, Outlook, and Risks
The document contains standard forward-looking statements regarding future economic circumstances, industry conditions, and company performance. Management notes that actual results may differ materially from expectations due to risks including general economic and market conditions, industry conditions, and operating factors. No specific guidance or outlook for future earnings was provided in this text.
Investor Verification Checklist
- Verify the record date of March 5, 2007, to confirm eligibility for the declared dividends.
- Confirm the payment date of March 15, 2007, for the distribution of funds.
- Validate the total fiscal year 2006 distribution amount of R$2.160 billion against the company's annual report (Form 20-F).
- Check the specific per-share amounts for common (R$0.038062452) and preferred (R$0.041868697) stock.