Dividends

Pursuant to Brazilian Corporate Law and Company’s by-laws, at least 25.0% of the adjusted net income should be intended for the distribution and payment of the mandatory dividend to the shareholders.

According to the Company’s By-Laws, the annual general shareholders’ meeting may determine the distribution of dividends to the management of up to 10.0% of the net income for a fiscal year after the deduction of accumulated losses income and social contribution taxes for that fiscal year, according to criteria determined by Julio Simões’s board of directors. Such distribution to the management may only occur after the payment of the minimum mandatory dividend to the shareholders.

History of Dividends Payments

Base Period – 2019
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1
 Total Dividends IE1 Total
01/03/2020 01/06/2020 02/10/2020 2019 – 39.0 39.0 – 0.188598162 0.188598162
Total 2019 – 39.0 39.0 – 0.188598162 0.188598162

1 Related to the net value paid to shareholders.

Base Period – 2018
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1
 Total Dividends IE1 Total
12/21/2018 12/21/2018 05/01/2016 2018 – 31.8 31.8 – 0.154976147 0.154976147
Total 2018 – 31.8 31.8 – 0.154976147 0.154976147

1 Related to the net value paid to shareholders.

Base Period – 2015
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1
 Total Dividends IE1 Total
21/12/2015 22/12/2015 11/01/2016 2015 – 10.0 10.0 – 0.04846746 0.04846746
20/01/2016 21/01/2016 29/01/2016 2015 200.0 200.0 0.97041293 0.97041293
Total 2015 200.0 10.0 210.0 0.97041293 0.04846746 1.01888039

1 Related to the net value paid to shareholders.

Base Period – 2014
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1
 Total Dividends IE1 Total
12/23/2014 12/26/2014 01/09/2015 2014 – 16.7 16.7 – 0.09016091 0.09016091
04/29/2015 04/30/2015 05/11/2015 2014 0.47 0.47 0.00221152 0.00221152
Total 2014 0.47 16.7 17.2 0.00221152 0.09016091 0.09237243

1 Related to the net value paid to shareholders

Base Period – 2013
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1
 Total Dividends IE1 Total
12/13/2013 12/16/2013 01/13/2014 2013 – 19.1 19.1 – 0.10189146 0.10189146
04/25/2014 04/28/2014 05/07/2014 2013 3.1 3.1 0.01466512 0.01466512
Total 2013 3.1 19.1 22.2 0.01466512 0.10189146 0.11655658

1 Related to the net value paid to shareholders

Base Period – 2012
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1
 Total Dividends IE1 Total
12/17/2012 12/18/2012 01/17/2013 2012 – 14.8 14.8 – 0.07937150 0.07937150
04/26/2013 04/29/2013 05/24/2013 2012 3.7 – 3.7 0.01717193 – 0.01717193
Total 2012 3.7 14.8 18.5 0.01717193 0.07937150 0.09654343

1 Related to the net value paid to shareholders.

Base Period – 2011
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE1 Total Dividends IE1 Total
12/09/2011 12/12/2011 01/09/2012 2011 – 11.2 11.2 – 0.06672924 0.06672924
04/27/2012 04/30/2012 05/25/2012 2011 2.3 – 2.3 0.01144742 – 0.01144742
Total 2011 2.3 11.2 13.5 0.01144742 0.06672924 0.07817666

1 Related to the net value paid to shareholders.

Base Period – 2010
Base Date Ex Date Payment Date Fiscal Year Incomes
Total (R$ Million) Per Share (R$)
Dividends IE Total Dividends IE Total
04/29/2012 05/02/2011 05/27/2011 2010 22.1 – 22.1 0.11215797 – 0.11215797

1 Related to the net value paid to shareholders

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