Assuming this is approved, does this mean for common EBR shares, shareholders will get R 0,399210837 per share? The date of record is 30-April. There is also a 15% Brazilian withholding tax rate for this payment.
At today's price it's a 7% dividend on EBR and a whopping 14% on EBR.B while you wait for the stock to move up. Just on the 8billions reals the government will reimburse EBR in installements, it's enough to pay for the dividends for 3 years. It's why I've made it my portfolio's biggest position