Dividends and Interest on Shareholders’ Capital

CSU’s Bylaws define a minimum dividend payout of 25% of net profit after the constitution of a 5% legal reserve. The Company, pursuant to approval of the Board of Directors, decides the distribution of interim or regular dividends.

CSU’s bylaws also foresee that the Board of Directors may approve the payment or crediting of interest on capital credit “ad referendum” of the General Shareholders Meeting that examines the financial statements for the fiscal year in which such interest was paid or credited, which may be attributed to the mandatory dividend or not at the discretion of the Board of Directors, as authorized by applicable law.

 

 

 

 

 

 

Fiscal Year Type of Payout Approval Date Payment Date Total Amount Distributed
(R$ ‘000)
Price per Common Share
(R$)
2006 N/A 04/27/2006 N/A N/A N/A
2007 N/A 04/30/2008 N/A N/A N/A
2008 N/A 04/24/2009 N/A N/A N/A
2009 Dividends 04/30/2010 06/15/2010 2,697.4 0.05640
2010 Dividends 04/26/2011 05/26/2011  8,026.4 0.16895
*IEC 12/21/2010 01/14/2011 7,759.6 0.16333
2011 *IEC 12/14/2011 01/13/2012 7,472.1 0.16276
2012 *IEC 12/20/2012 01/07/2013 7,500.0 0.16794
2013 Dividends 04/30/2014 06/18/2014 42.0 0.00102
2014 *IEC 12/18/2014 06/19/2015 3,650.0 0.08849
2015 *IEC 12/28/2015 05/25/2016 7,000.0 0.169710
2016 *IEC 12/13/2016 01/30/2017  12,800.00 0.31018
Dividends 04/25/2017 05/31/2017 1,162.80 0.02818
2017 *IEC 12/05/2017 02/28/2018 13,781.00 0.33396
Dividends 04/18/2018 06/06/2018 4,298.49 0.10416
2018 *IEC 12/04/2018 02/15/2019 10,117.00 0.24619
2019 *IEC 06/18/2019 03/31/2020 4,300.00 0.10416
*IEC 09/10/2019 03/31/2020 2,250.00 0.05473

Proceeds