Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, dated April 27, 2023, reports a material event for Credicorp Ltd., a foreign private issuer. The filing details a decision made by the Board of Directors regarding the distribution of dividends based on the financial results of the fiscal year 2022.
Key Financial Metrics
- Total Net Income (2022): S/4,633,095,839
- Total Cash Dividend Approved: S/2,359,557,925
- Dividend Per Share: S/25.0000
- Outstanding Shares: 94,382,317
- Payment Currency: US Dollars (converted from Soles)
Material Changes and Events
The primary material event is the unanimous approval of a cash dividend payout. The filing does not provide comparative financial data for prior periods or specific changes in revenue, margins, or debt levels within this document.
Guidance, Outlook, and Payment Terms
The dividend is scheduled for payment on June 9, 2023. Key terms include:
- Record Date: May 19, 2023
- Tax Status: No withholding tax at source
- Exchange Rate: Determined by the weighted rate registered by the Peruvian Superintendency of Banks, Insurance and Pension Funds (SBS) at the close of business on June 7, 2023
- Rounding: The USD amount will be rounded up to four decimals
Investor Verification Checklist
- Verify the record date of May 19, 2023, to ensure eligibility for the dividend.
- Monitor the exchange rate set by the SBS on June 7, 2023, to calculate the final USD payout per share.
- Confirm the payment date of June 9, 2023, for cash flow planning.
- Review the full 2022 annual report (Form 20-F) for detailed revenue, profit, and margin analysis not included in this summary.