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Centrais Elétricas Brasileiras S.A. - Eletrobra Message Board

  • travpsu1 travpsu1 May 1, 2013 4:05 PM Flag

    when do we receive our dividends?????

    i know that the ex date was april 30, but when do we receive our dividend???

    Sentiment: Buy

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    • Good question. All I can find from the summary of yesterday's annual meeting is the following:
      "Those shareholders of record as of April 30, 2013 will be entitled to compensation in the
      form of Interest on Shareholders’ Equity. Eletrobras’ shares will be traded ex-interest
      beginning on May 02, 2013, as follows:
      R$ per share
      of Shares
      Gross Values on
      Values on
      Common 0.399210837 0.408528101
      Preferred “A” 2.178256581 2.229095358
      Preferred “B” 1.633692440 1.671821523
      The payment of the aforementioned amounts, as updated pursuant to the Selic rate variation,
      will be made no later than December 31, 2013."

      So, we're getting paid sometime this year, but it's not clear when. Hopefully sooner rather than later.

      Sentiment: Hold

2.37-0.08(-3.27%)May 1 4:02 PMEDT