At the beginning of the month, Banco do Brasil announced the distribution of a $1 billion payment to its shareholders. And now the institution Expect another deposit to be released related to the Q2 balance sheet. Find out how much will be distributed and who can receive it.
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The amount of R$ 1 million will be divided between net profit and interest on equity (JCP). This is part of the bank’s goal, which aims to distribute its profits to investors.
Comment by specialist Laura Alvarenga on Banco do Brasil, check it out.
Does Banco do Brasil have to distribute profits to customers?
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Earlier this month, the bank distributed its profits for the second quarter of this year.
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Total R$ 2.65 billion;
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As of the beginning of August, the bank reported profits of R$9.5 billion.
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Now, an additional R$1 billion will be provided in terms of dividends;
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However, this amount will not be distributed to the bank’s customers.
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And yes, with the shareholders of the financial institution;
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This dividend split is part of Banco do Brasil’s commitment to its investors.
How will Banco Brazil’s profits be divided?
Banco do Brasil updated the dividend to R$0.18660197784 per share. This happened due to the change in interest rate.
Payment will be made directly to the accounts of shareholders who had shares in their portfolio on September 11, 2024. Those who purchased shares as of August 22 will not be entitled to receive the amounts.
Payment started last Friday (9/27). Therefore, shareholders should check their account balances.
Moreover, they can automatically reinvest the dividends earned through Dividend Reinvestment Programs (DRIPs).
Banco do Brasil is alerting its clients
With the advancement in technology, criminals have developed new techniques to gain advantages over different people. Thinking about protecting its customers from cybercrime cases, Banco do Brasil issued a statement to alert its savings and current account customers.
Learn the signs of scams and how to avoid falling for them.
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