Dividends
“The Brazilian Corporation Law (Lei das Sociedades por Ações) and the Company’s By-laws require that the annual shareholders’ meeting be held by April 30 every year, wherein shareholders should decide, among others, on the distribution of annual dividend, which is based on the financial statements relating to the previous financial year. The minimum mandatory dividend is based on a percentage of net income adjusted in accordance with the Brazilian Law of Corporations, instead of a fixed monetary value for the shares. Pursuant to our Bylaws, at least 25% of the adjusted net income must be allocated for the payment of dividends.
The following table shows the dividends distributed to Arezzo&Co shareholders in the periods indicated.
| FORM OF PAYMENT | DATE OF APPROVAL | DATE OF PAYMENT | DIVIDEND PER SHARE (R$) | TOTAL (R$) |
|---|---|---|---|---|
| Total 2023 | R$ 1,54 | R$ 214.195.907,05 | ||
| Dividends | 06/11/2023 | 28/11/2023 | R$ 0,30 | R$ 32.959.428,28 |
| Interest on Equity Capital | 06/11/2023 | 28/11/2023 | R$ 0,39 | R$ 87.040.571,72 |
| Interest on Equity Capital | 26/06/2023 | 01/09/2023 | R$ 0,85 | R$ 94.195.907,05 |
| Total 2022 | R$ 1,83 | R$ 201.790.525,54 | ||
| Interest on Equity Capital | 12/12/2022 | 30/01/2023 | R$ 0,75 | R$ 82.107.476,20 |
| Interest on Equity Capital | 27/06/2022 | 14/07/2022 | R$ 0,63 | R$ 69.683.049,34 |
| Dividends | 29/04/2022 | 28/12/2022 | R$ 0,46 | R$ 50.000.000,00 |
| Total 2021 | R$ 0,90 | R$ 89.589.672,29 | ||
| Interest on Equity Capital | 29/11/2021 | 14/01/2022 | R$ 0,34 | R$ 33.784.559,94 |
| Dividends | 29/11/2021 | 14/01/2022 | R$ 0,26 | R$ 26.215.440,06 |
| Interest on Equity Capital | 28/06/2021 | 30/07/2021 | R$ 0,30 | R$ 29.589.672,29 |
| Total 2020 | R$ 0,56 | R$ 50.852.427,59 | ||
| Dividends | 29/04/2021 | 30/07/2021 | R$ 0,03 | R$2.582.427,59 |
| Interest on Equity Capital | 22/10/2020 | 23/12/2020 | R$ 0,30 | R$ 26.978.492,86 |
| Dividends | 22/10/2020 | 23/12/2020 | R$ 0,23 | R$ 21.291.507,14 |
| Total 2019 | R$ 1,41 | R$ 127. 617.165,91 | ||
| Interest on Equity Capital | 27/11/2019 | 08/01/2020 | R$ 0,20 | R$ 17.761.424,57 |
| Dividends | 27/11/2019 | 08/01/2020 | R$ 0,08 | R$ 7.238.575,43 |
| Dividends | 30/09/2019 | 15/10/2019 | R$ 0,08 | R$ 7.273.604,00 |
| Interest on Equity Capital | 24/06/2019 | 25/07/2019 | R$ 0,22 | R$ 20.343.561,91 |
| Dividends | 20/02/2019 | 02/04/2019 | R$ 0,83 | R$75.000.000,00 |
| Total 2018 | R$ 1,45 | R$ 130.574.949,38 | ||
| Dividends | 30/04/2019 | 15/10/2019 | R$ 0,20 | R$ 17.726.395,92 |
| Interest on Equity Capital | 17/12/2018 | 15/01/2018 | R$ 0,23 | R$ 20.847.214,20 |
| Dividends | 02/10/2018 | 22/10/2018 | R$ 0,28 | R$ 25.000.000,00 |
| Interest on Equity Capital | 25/06/2018 | 25/07/2018 | R$ 0,23 | R$ 21.001.339,26 |
| Dividends | 17/05/2018 | 08/06/2018 | R$ 0,51 | R$ 46.000.000,00 |
| Total 2017 | R$ 1,49 | R$ 134.089.201,75 | ||
| Dividends | 20/04/2018 | 08/06/2018 | R$ 0,03 | R$ 2.795.920,81 |
| Interest on Equity Capital | 18/12/2017 | 05/11/2018 | R$ 0,23 | R$ 20.920.347,16 |
| Dividends | 28/08/2017 | 27/09/2017 | R$ 0,58 | R$ 52.000.000,00 |
| Dividends | 28/08/2017 | 27/09/2017 | R$ 0,41 | R$ 36.832.940,65 |
| Interest on Equity Capital | 26/06/2017 | 28/07/2017 | R$ 0,24 | R$ 21.539.993,13 |
| Total 2016 | R$ 1,22 | R$ 108.374.353,31 | ||
| Dividends | 28/04/2017 | 15/05/2017 | R$ 0,60 | R$ 52.975.551,20 |
| Interest on Equity Capital | 12/12/2016 | 29/12/2016 | R$ 0,25 | R$ 22.248.662,03 |
| Dividends | 26/09/2016 | 26/10/2016 | R$ 0,13 | R$ 11.256.686,91 |
| Interest on Equity Capital | 21/06/2016 | 15/07/2016 | R$ 0,25 | R$ 21.893.453,17 |
| Total 2015 | R$ 0,70 | R$ 61.703.937,38 | ||
| Dividends | 29/04/2016 | 20/05/2016 | R$ 0,21 | R$ 18.705.003,62 |
| Interest on Equity Capital | 14/12/2015 | 30/12/2015 | R$ 0,11 | R$ 9.750.073,74 |
| Interest on Equity Capital | 14/12/2015 | 30/12/2015 | R$ 0,09 | R$ 8.208.266,04 |
| Dividends | 03/08/2015 | 28/08/2015 | R$ 0,11 | R$ 9.487.923,49 |
| Interest on Equity Capital | 15/06/2015 | 30/06/2015 | R$ 0,11 | R$ 9.750.073,74 |
| Interest on Equity Capital | 15/06/2015 | 30/06/2015 | R$ 0,07 | R$ 5.802.596,75 |
| Total 2014 | R$ 0,80 | R$ 70.805.978,90 | ||
| Dividends | 24/04/2015 | 15/05/2015 | R$ 0,40 | R$ 35.348.263,63 |
| Interest on Equity Capital | 17/12/2014 | 30/12/2014 | R$ 0,11 | R$ 9.750.073,74 |
| Interest on Equity Capital | 17/12/2014 | 30/12/2014 | R$ 0,03 | R$ 2.401.281,55 |
| Interest on Equity Capital | 20/06/2014 | 30/06/2014 | R$ 0,11 | R$ 9.750.073,74 |
| Interest on Equity Capital | 20/06/2014 | 30/06/2014 | R$ 0,03 | R$ 2.485.217,59 |
| Dividends | 28/07/2014 | 29/08/2014 | R$ 0,12 | R$ 11.071.068,65 |
| Total 2013 | R$ 0,63 | R$ 55.541.725,00 | ||
| Dividends | 24/04/2014 | 15/05/2014 | R$ 0,24 | R$ 20.893.199,88 |
| Interest on Equity Capital | 28/06/2013 | 31/07/2013 | R$ 0,10 | R$ 8.858.746,90 |
| Interest on Equity Capital | 30/07/2013 | 30/12/2013 | R$ 0,02 | R$ 1.578.182,57 |
| Dividends | 29/07/2013 | 02/09/2013 | R$ 0,15 | R$ 13.326.011,22 |
| Interest on Equity Capital | 28/06/2013 | 31/07/2013 | R$ 0,02 | R$ 2.026.837,53 |
| Interest on Equity Capital | 27/07/2013 | 31/01/2014 | R$ 0,10 | R$ 8.858.746,90 |
| Total 2012 | R$ 0,55 | R$ 49.119.008,92 | ||
| Dividends | 24/04/2013 | 30/05/2013 | R$ 0,23 | R$ 20.381.904,31 |
| Interest on Equity Capital | 09/08/2011 | 31/01/2013 | R$ 0,09 | R$ 7.968.816,90 |
| Interest on Equity Capital | 17/12/2012 | 30/01/2013 | R$ 0,03 | R$ 2.460.341,55 |
| Interest on Equity Capital | 09/08/2011 | 31/07/2012 | R$ 0,09 | R$ 7.968.816,90 |
| Interest on Equity Capital | 29/06/2012 | 31/07/2012 | R$ 0,04 | R$ 3.353.178,19 |
| Dividends | 30/07/2012 | 30/08/2012 | R$ 0,08 | R$ 6.985.951,07 |
| Total 2011 | R$ 0,27 | R$ 23.985.781,02 | ||
| Interest on Equity Capital | 21/12/2012 | 31/01/2012 | R$ 0,02 | R$ 1.458.073,15 |
| Interest on Equity Capital | 09/08/2011 | 31/01/2012 | R$ 0,09 | R$ 7.968.816,75 |
| Interest on Equity Capital | 30/06/2012 | 29/07/2012 | R$ 0,10 | R$ 8.441.564,16 |
| Dividends | 24/04/2012 | 31/05/2012 | R$ 0,07 | R$ 6.117.326,96 |