DIVIDEND POLICY
Pursuant to the Bylaws of EDP Energias do Brasil and corporate legislation, the mandatory dividend to shareholders may be no less than 25% of the company’s net income.
Notwithstanding the dividend distribution policy, at its discretion, the company may distribute dividends or interest on shareholders’ equity for amounts less than 50% (fifty percent) of the net adjusted profit for any fiscal year, when so required by legal or regulatory provisions or when recommended in the light of the financial situation and/or prospects for the company, macroeconomic conditions, tariff revisions and readjustments, regulatory changes, growth strategy, contractual limitations and other factors deemed material by the Board of Directors and EDP Energias do Brasil’s shareholders.
In addition, the Company may distribute dividends and interest on shareholders’ equity in the total amount of R$ 1.00 per share. The criterion for choosing between the three values based on the highest value.
The Board of Directors may decide on the distribution of interim or periodical dividends as long as such dividends do not exceed the amount held as capital reserves. Furthermore, it may also credit or pay its shareholders interest on shareholders’ equity which may be incorporated into the value of the mandatory dividends.
Finally, company bylaws rule that the right of shareholders to claim dividends lapses after a period of 3 years, unclaimed dividends reverting in favor of the company.
Dividend Characteristics
- Minimum mandatory dividend of 25% of the adjusted net income;
- Management Commitment: minimum payout of 50% of the adjusted net income or R$1.00 per share;
- Frequency of payment: annual.
Dividend Evolution
| Fiscal Year and Adjusted Net Income(1) (R$ thousand) |
Proceeds | Total Amount Distributed (R$ ‘000) |
Total |
Ex Date | Payment Date |
Amount per share (R$) (3) |
|
2022
|
Interest on Equity
|
651,239
|
581,165,268 |
01/02/2023
|
until 12/31/2023 |
1.150641194 |
|
2021 1,677,875 |
Interest on Equity Dividend |
454,811 803,189 |
581,165,268 |
01/04/2022 04/06/2022 |
until 06/30/2022 |
0.7892318369
1.404434994 |
|
2020 1,020,578 |
Interest on Equity Dividend |
162,366 423,216 |
606,850,394 |
01/04/2021 04/12/2021 |
until 12/31/2021 |
0.271248547
0.728751453 |
|
2019 903,725 |
Interest on Equity Dividend |
236,000 117,491 |
606,850,394 |
01/02/2020 04/01/2020 |
until 12/31/2020 |
0.390207737
0.194262378 |
|
2018 952,091 |
Interest on Equity Dividend |
439,000 37,200 |
606,850,394 |
01/02/2019 04/17/2019 |
07/01/2019 07/01/2019 |
0.724125911 0.06134 |
|
2017 611,855 |
Dividend Interest on Equity |
294,416 72,709 |
606,850,394 | 04/10/2018
12/27/2017 |
09/25/2018 09/25/2018 |
0.60565207 |
| 2016 666,602 |
Interest on Equity | 330,000 | 606,850,394 | 12/29/2016 | 09/25/2017 | 0.54447085 |
| 2015 1,265,937 |
Dividend Interest on Equity |
14,592 288,257 |
476,415,612 | 04/14/2016
12/22/2015 |
05/25/2016 05/25/2016 |
0.030682862 0.606122623 |
| 2014 743,502 |
Dividend(1) Interest on Equity(2) |
63,277 133,300 |
476,415,612 |
04/12/2015 12/30/2014 |
12/28/2015 12/28/2015 |
0.132818 0.279798 |
|
2013 |
Dividend(1) Interest on Equity(2) Distribution of Profit Retained Share(1) |
311,013 29,190 30,045 |
476,415,612 | 04/30/2014 12/19/2013 |
(1) 10/28/2014 (50%) (1)12/12/2014 (50%) (2)12/12/2014 |
0.653974 0.061378 0.063178 |
| 2012 341,644 |
Dividend Interest on Equity Distribution of Profit Retained Share |
194,141 130,422 45,867 |
476,415,612 | 04/11/2013 12/27/2012 – |
09/30/2013 06/17/2013 09/30/2013 |
0.40822306 0.27424069 0.09606594 |
| 2011 479,751 |
Dividend Interest on Equity |
239,249 131,000 |
476,415,612 | 04/11/2012 12/14/2011 |
06/05/2012 06/05/2012 |
0.503073633 0.275456067 |
| 2010 479,751 |
Dividend Interest on Equity |
246,618 106,000 |
476,415,612 | 04/08/2011 12/24/2010 |
05/26/2011 05/26/2011 |
0.518568667 0.222888 |
| 2009 623,827 |
Dividend Interest on Equity |
296,318 – |
476,415,612 | 04/09/2010 – |
05/17/2010 – |
0.623073 – |
| 2008(2) 517,717 |
Dividend Interest on Equity |
134,210 103,061 |
476,415,612 | 04/08/2009 12/30/2008 |
06/05/2009 06/05/2009 |
0.312788333 0.240193333 |
| 2007 436,236 |
Dividend Interest on Equity |
87,289 119,923 |
476,415,612 | 03/05/2008 12/28/2007 |
05/13/2008 05/13/2008 |
0.181676 0.243515333 |
| 2006 365,758 |
Dividend Interest on Equity |
– 169,914 |
476,415,612 | – 12/28/2006 |
– 05/03/2007 |
– 0.343226667 |
| 2005 398,002 |
Dividend Interest on Equity |
55,180 96,061 |
476,415,612 | 03/28/2006 12/28/2005 |
04/17/2006 04/17/2006 |
0.194043 0.111463333 |
(1) Adjusted figures as reported on the respective fiscal years as base for dividends payment. Include IFRS effects for 2010.
(2) Adjusted for amortization of Enersul.
(3) On April 10, 2012, the company concluded a one for three stock split, the quantity of shares increasing from 158,805,204 to 476,415,612.