Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the period ending March 31, 2006. The document reports a corporate action approved by the Board of Directors on March 24, 2006, regarding the Monthly Interest on Own Capital paid to stockholders.
Key Financial Metrics
The filing does not provide consolidated revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on the adjustment of the Monthly Interest on Own Capital rates:
- Common Stock: Increased from R$0.02850000 to R$0.03277500 per share.
- Preferred Stock: Increased from R$0.03135000 to R$0.03605250 per share.
- Net Payment (after 15% Withholding Tax): R$0.027858750 per common stock and R$0.030644625 per preferred stock (excluding exempt legal entities).
Material Changes
The Board approved a 15% increase in the Monthly Interest on Own Capital. This change takes effect for the interest referring to April 2006, with payment scheduled for May 2, 2006. Eligible stockholders are those enrolled in the company's records as of April 3, 2006.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance or operational outlook. It includes a standard forward-looking statements disclaimer, noting that future results depend on economic conditions, industry trends, and management assumptions, which may differ materially from current expectations.
Investor Verification Checklist
- Verify the record date of April 3, 2006, to confirm eligibility for the increased interest payment.
- Confirm the payment date of May 2, 2006, for the April 2006 interest period.
- Check tax status to determine if the 15% withholding tax applies or if the entity is exempt.
- Note that this filing does not contain quarterly financial results; refer to Form 20-F for comprehensive financial data.