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Centrais El Message Board

  • d_r_l_1976 d_r_l_1976 Apr 8, 2013 12:12 PM Flag

    Interest on equity

    On Eletrobras's investor relations website, under announcements, there is a notice to sharehorlders dated 3/28. They list a table with the following amounts for "interest on equity to be distributed":

    Common: 0,399210837
    Preferred "A": 2,178256581
    Preferred “B”: 1,633692440

    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.


    Sentiment: Hold

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    • 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

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