Dividend
-
Vale among world’s largest dividend payers
Vale was the world’s ninth-largest dividend payer in the first quarter of 2022, according to a report by Janus Henderson seen by Valor. The Brazilian mining company, which was in the eighth place in the same period in 2021, remained the only re...
-
Gender diversity, governance and dividend policy in Brazil.
1. Introduction The growth of the presence of women in the management of organizations, which makes the composition of deliberative bodies more heterogenous--most importantly regarding gender--indicates notorious sources of different perspectives an...
-
Driving factors of the dividend policy of the Brazilian financial institutions/Fatores determinantes da politica de dividendos das instituicoes financeiras brasileiras.
1. Introducao Ao verificar a literatura de politica de dividendos, observa-se que diversos autores excluem as instituicoes financeiras das suas amostras, apesar de fazerem parte de um dos setores que mais distribuem dividendos no Brasil (Fonteles, J...
-
Minerva wants to resume dividend payments
Dividend time is near for Minerva Foods, South America's largest beef exporter. After a decade of growth supported by debts, and thus remunerating creditors, the company announced a stock offering of R$1.4 billion. With the proceeds, it intends ...
-
Petrobras board to discuss dividend policy
The board of directors of Petrobras will meet this Friday to discuss, among other things, the dividend policy and a possible buyback of the company’s shares, Valor found. The issue has been studied internally by a technical committee of the com...
-
Central Bank seeks dividend data from lenders
The Central Bank (BC) asked lenders to report in advance dividend plans. Monetary officials want to be aware if there are plans to make distributions beyond the minimum percentage established in the Corporate Law of Brazil and company bylaw, Valor ha...
-
Evidences of Dividend Month Premium in the Brazilian Stock Market/Evidencias do Premio do Mes do Dividendo no Mercado Acionario Brasileiro.
1. Introducao Modelos de precificacao de ativos sao construidos a partir da hipotese de que o mercado a ser analisado e eficiente, ou seja, que os precos dos ativos refletem toda a informacao disponivel no mercado (Fama, 1970). Na pratica, no entan...
-
Petrobras maintains dividend level, but hints at change
The decision by Petrobras’s board of directors to approve the payment of R$24.7 billion in dividends shows the government’s difficulty in quickly changing the remuneration rule for the oil company’s investors, although it is clear t...
-
The determinants of dividend payment: the effect of the legal and contractual obligatory minimum in Brazilian companies/ Os fatores determinantes do pagamento de dividendos: o efeito do obrigatorio minimo legal e contratual nas empresas brasileiras.
1. Introducao O dividendo e uma parcela do lucro liquido das empresas que e distribuida aos investidores, como uma forma de remuneracao do capital investido. O montante a ser pago e a forma de distribuyo sao decisoes complexas que geraram intimeras...
-
Petrobras to reduce dividend payouts
Petrobras paid out more dividends last year than all other Brazilian listed companies combined. Buoyed by oil prices and extraordinary payments, the state-owned company distributed R$194.6 billion, but the bonanza is unlikely to continue, putting pre...
-
Officials eye dividend standardization for federal banks
The government wants to establish a unified permanent dividend policy for state-owned banks Banco do Brasil, Caixa Econômica Federal, Brazilian Development Bank (BNDES), Amazon Bank (Basa) and Bank of the Northeast (BNB), Treasury Secretary Mansueto ...
-
Investors say goodbye to Petrobras’s dividend era
Analysts had a thorny task in the last few months: predicting the future of Brazilian listed companies, especially state-owned ones, before the tightest presidential election ever, with two antagonistic projects for the country. Now that fate is seal...
-
Klabin faces dilemma over investing more or paying dividend
Klabin, the Brazilian pulp maker on the way to completing its largest investment ever, faces a good dilemma: embrace M&A opportunities in Brazil and worldwide, amid the current downturn cycle of the pulp and paper industry, or fulfill its policy of d...
-
Power companies top dividend forecast for 2020
Over two dozen companies potentially could return fat dividends to shareholders this year. Using earnings disclosed until the third quarter, Economática found that dividend returns ranged from 2% to over 9.6%. Since Brazil's benchmark rate, Seli...
-
Vale's board to discuss dividend
A committee linked to mining giant Vale's board of directors is discussing whether to resume dividends. If there is a consensus, the matter should be appreciated by the board next week, Valor has learned. "There is a debate on this issue," a sou...
-
Vale's board to discuss dividend
A committee linked to mining giant Vale's board of directors is discussing whether to resume dividends. If there is a consensus, the matter should be appreciated by the board next week, Valor has learned. "There is a debate on this issue," a sou...
-
Minerva buys Vijagual, says still focusing on dividend payouts
Minerva Foods, Latin America's biggest beef exporter, on Wednesday signed a $14 million agreement to buy Colombian meatpacker Vijagual, doubling its capacity in that country and taking another step in its effort to grow its business in the regio...
-
Unipar is ready to invest if there is demand, owner says
Unipar, one of B3s biggest dividend payers this year, is expected to start 2022 with net cash - with no net debt, therefore - and plans to invest heavily in Brazil.The perspective of ...
- DEMONSTRAÇÃO DAS MUTAÇÕES DO PATRIMÔNIO LÍQUIDO DOS EXERCÍCIOS FINDOS EM 31 DE DEZEMBRO (EM R$ MIL) Reserva de lucros Capital Incentivo Retenção Lucros Social Legal Fiscal de lucros acumulados Total Em 1º de janeiro de 2019 45.356 9.071 9.242 20.669 . 84.338 Distribuição de dividendos (9.791) (9.791) Lucro líquido do exercício 44.426 44.426 Destinação do lucro líquido do exercício Dividend...
-
Petrobras expected to post sluggish Q4 results
... anticipated to report lower fourth-quarter results compared to the same period in 2022, but experts suggest that investors will prioritize dividend payouts. The average of six analysts consulted by Valor indicates that the state-owned companys net profit from October to December 2023 is expected ...
-
Analysis: Petrobras ensures minimum income for shareholders amid criticism on fuel hikes
... , state-run Petrobras decided to please its shareholders - specially the largest of them, the federal government - establishing a minimum dividend income, paid quarterly.With the new 2022-2026 business plan, released Thursday, came a package of good news in the form of a revised shareholder ...
- Acórdão Nº 0000854-75.2016.8.24.0038 do Primeira Câmara de Direito Comercial, 04-08-2022
- Decisão Monocrática Nº 4006598-92.2019.8.24.0000 do Primeira Câmara de Direito Comercial, 13-03-2019
-
Determinants of Dividends in the Telecommunications Sector.
1 Introduction ... Dividend policy has long been a question of interest in the financial literature and, although there is a great deal of research on the subject, it remains an ...
-
Interest on Equity versus Dividends: The Role of Shareholder Identity in Corporate Tax Avoidance.
1 Introduction ... Brazilian capital markets are characterized by (i) mandatory minimum dividend rules, (ii) high corporate tax rates, (iii) non-voting shares, (iv) high ownership concentration, (v) tax-deductible dividends (called "interest on ...