Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) relates to the period ending June 30, 2012. The document announces a corporate action approved by the Board of Directors on June 27, 2012, regarding the distribution of Intermediary Interest on Shareholders' Equity for the first half of 2012.
Key Financial Metrics
The filing focuses on shareholder distributions rather than operational financial performance metrics such as revenue, profit, or cash flow.
- Total Intermediary Interest Approved: R$754.3 million.
- Per Share Amount (Gross): R$0.188184678 per common share; R$0.207003146 per preferred share.
- Per Share Amount (Net of 15% Tax): R$0.159956976 per common share; R$0.175952674 per preferred share.
- Payment Date: July 18, 2012.
- Record Date: June 27, 2012.
- Ex-Right Date: June 28, 2012.
The filing text does not provide clear values for revenue, operating profit, cash flow, margins, debt, or liquidity positions.
Material Changes
The filing does not contain comparative financial data or material changes regarding the company's operational performance versus the prior comparable period. The primary change disclosed is the declaration of the R$754.3 million distribution.
Guidance, Outlook, and Management Commentary
Management commentary is limited to the mechanics of the distribution. Key points include:
- The Intermediary Interest represents 10 times the amount of dividends paid monthly.
- The amount will be computed in the calculation of mandatory dividends for the fiscal year, as provided in the Company's Bylaws.
- Corporate shareholders are exempt from the 15% Withholding Income Tax and will receive the declared gross amount.
- Individual shareholders must have updated banking data to receive direct credit; otherwise, they must visit a branch to claim funds.
The filing does not provide forward-looking guidance, risk factors, or contingencies beyond the standard tax implications of the distribution.
Important Facts for Investors to Verify
- Confirm the record date (June 27, 2012) to ensure eligibility for the distribution.
- Verify the net payout amount after the 15% withholding tax for individual investors versus the gross amount for corporate investors.
- Ensure banking data is updated with the company or custodian to avoid delays in receiving the payment on July 18, 2012.
- Note that this distribution counts toward the mandatory dividend requirement for the fiscal year.