Cemig (CMIG4) announces additional dividends of R$1.41 billion

Posted at 9:44 PM

Updated at 11pm with 24Q2 results.

On Tuesday, the 13th, the Board of Directors of Cemig (CMIG4) approved the declaration of additional dividends using the full balance of the undistributed mandatory dividend reserve.

Total value: one billion, four hundred and nineteen million, eight hundred and forty-seven thousand riyals.

The total value of the share is 0.49635976470 Brazilian Real.

Shareholders holding common (ON) and preferred (PN) shares will be entitled to exercise on August 23, 2024.

The “prior rights” date is August 26, 2024.

Payment will be made on August 30, 2024.

Profit in the second quarter 24

Cemig (CMIG4) achieved a net profit of R$1.689 billion in the second quarter of 2024 (Q2 2024), compared to a profit of R$1.245 billion in Q2 2023.

Adjusted earnings were R$1.134 billion in Q2 2024, compared to adjusted earnings of R$1.214 billion in Q2 2023.

Adjusted EBITDA totaled R$1.92 billion, up 2% compared to Q2 2023.

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