» Dividend Policy
» Dividends Payment History
Dividend Policy
In compliance with current legislation, the Publicly-held companies’ shareholders bear the right to receive as mandatory dividend. In addition, the mandatory dividend may be limited to the realized portion of net income granted by its By-laws.
Preferred shares do not comprise voting rights to their holders, except when determined by law, though assure to their possessors: a) priority on dividend payment established by Annual General Meeting, 10% superior to common shares’ dividends; (b) priority on capital reimbursement, excluding goodwill, in the case of the company’s extinguish.
Yearly-basis dividends will be, at minimum, 25% of adjusted net income according to related legislation, excluding reserves for fiscal benefits. Board of Directors may decide to anticipate dividends distribution, when the current profit may evidence this decision.
General Meeting will establish dividends payment and paid-in capital distribution, stock from capital, in accordance with the related legislation.
Unclaimed dividend will not bear interest and it will lapse for the company 3 years from its notice to the market.
Board of Directors may deliberate on the payment of interest on own capital, in which values eventually paid may be added to the original amount of mandatory dividends, according to the article 9, paragraph 7 of Law #9,249, from 26 December, 1995.
Terms of Dividends Payment
Pursuant to Brazilian Corporate Law, publicly-held companies must pay dividends to shareholders who are holders or title-holders of shares issued by the company on the date of the annoucement of the dividends payment. Therefore, Guararapes-Riachuelo makes dividend payments in compliance with the aforementioned law.
Dividends may be paid through administrative check sent by postal delivery to the shareholder’s declared address, or through the credit on the shareholder’s current account. Dividends must be paid up to 60 days from the announcement day, in the fiscal year.
Dividends Payment History
The follow chart present the Company’s amount paid to its shareholders, as dividends, in the last five fiscal years:
| Fiscal Year |
Day of Distribution Approved |
Total paid per Common share (R$) |
Total paid per Preferred share (R$) |
Total Amount
(R$thousand) |
Payment Day |
| 2011 |
04/30/2012 |
R$ 1.16 |
R$ 1.28 |
R$ 76,128 |
05/22/2012 |
| 2010 |
04/30/2011 |
R$ 1.09 |
R$ 1.20 |
R$ 71,448 |
05/10/2011 |
| 2009 |
04/26/2010 |
R$ 0.63 |
R$ 0.70 |
R$ 41,496 |
05/17/2010 |
| 2008 |
04/24/2009 |
R$ 0.44 |
R$ 0.49 |
R$ 29,016 |
05/06/2009 |
| 2007 |
04/22/2008 |
R$ 0.68 |
R$ 0.75 |
R$ 44,616 |
05/15/2008 |
| 2006 |
04/18/2007 |
R$ 0.73 |
R$ 0.81 |
R$ 48,048 |
05/07/2007 |
| 2005 |
04/18/2006 |
R$ 0.30 |
R$ 0.33 |
R$ 19,656 |
05/10/2006 |
(*) Information available in Portuguese only.
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Last Update: March 12, 2013
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