Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) was submitted on April 1, 2004. The report concerns the payment of monthly interest on own capital for the month of April 2004 to the company's stockholders.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. It specifically details the following distribution amounts per share:
- Gross Interest on Common Stock: R$0.141180
- Gross Interest on Preferred Stock: R$0.155298
- Net Interest on Common Stock (after 15% tax): R$0.120
- Net Interest on Preferred Stock (after 15% tax): R$0.132
Legal entity stockholders exempt from withholding tax will receive the declared gross amounts.
Material Changes
The filing notes that the interest calculation accounts for a stock grouping transaction approved on December 17, 2003, in a proportion of 10,000 to 1. The adjustment period for stockholders to modify their positions expired on March 19, 2004. No comparative financial data for prior periods is provided in this specific document.
Guidance, Outlook, and Risks
The document includes a standard forward-looking statements disclaimer. It warns that statements regarding future economic circumstances, industry conditions, and company performance are based on management's current estimates and are subject to risks and uncertainties. There is no guarantee that expected events or trends will occur. The declared interests will be computed in the calculation of the minimum compulsory dividend for the year as per Corporate Bylaws.
Investor Verification Checklist
- Verify the record date for eligibility (April 1, 2004) and the payment date (May 3, 2004).
- Confirm tax status to determine eligibility for the gross amount versus the net amount after 15% withholding tax.
- Review the impact of the 10,000-to-1 stock grouping transaction on share counts and total payout value.
- Check subsequent filings for the full annual financial results and the final calculation of the minimum compulsory dividend.