SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated May 15, 2009, serves as a notice to shareholders regarding the payment of interest on own capital. The company, a publicly held Brazilian sanitation utility, reported on a Board of Directors resolution made on May 14, 2009. The payment relates to the operational period from January to April 2009.
Key Financial Metrics
- Dividend Payment (Interest on Own Capital): Total amount of R$138,980,340.03 (Brazilian Reais).
- Per Share Amount: R$0.61 per common share.
- Record Date: May 28, 2009.
- Ex-Interest Date: May 29, 2009.
- Payment Timing: Scheduled for no later than 60 days after the 2010 Annual Shareholders' Meeting.
- Revenue, Profit, and Cash Flow: The filing text does not provide specific values for revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the period.
Material Changes
The filing does not present comparative financial data or material changes in operating metrics versus prior periods. The primary material event is the declaration of the specific interest on own capital distribution for the first four months of 2009.
Guidance, Outlook, and Risks
The document includes a standard forward-looking statements disclaimer. Management notes that statements regarding future operations, capital expenditure plans, and financial results are based on current estimates and are subject to risks and uncertainties, including general economic conditions and industry factors. There is no specific quantitative guidance or outlook provided in this text.
Investor Verification Checklist
- Verify the exact date of the 2010 Annual Shareholders' Meeting to determine the final payment deadline (60 days post-meeting).
- Confirm shareholder registration status as of May 28, 2009, to ensure eligibility for the R$0.61 per share payment.
- Check for updated banking instructions with Banco Itaú S.A. to avoid delays in credit availability.
- Review tax withholding requirements, noting exemptions for immune or exempt shareholders who must submit proof by June 18, 2009.
- Confirm that this interest on own capital is being computed toward the mandatory minimum dividend requirement under the Company's Bylaws.