Bradesco (NYSE: BBD) to pay R$3.5B interim interest on equity
Rhea-AI Filing Summary
Banco Bradesco S.A. approved the payment of interim interest on shareholders’ equity totaling R$3.5 billion. The bank will pay R$0.315359035 per common share and R$0.346894939 per preferred share, before tax.
Shareholders on record as of July 3, 2026 will be entitled to the payment, and the shares will trade ex-rights from July 6, 2026. Net amounts will be R$0.260171204 per common share and R$0.286188324 per preferred share after a 17.5% withholding income tax, with payment to be completed by January 29, 2027. The distribution equals about 18.3 times the bank’s regular monthly net interest and will count toward mandatory dividends for the year.
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Insights
Bradesco announces a large interim distribution that substitutes for part of its annual dividend.
Bradesco is distributing R$3.5 billion as interim interest on shareholders’ equity, with clearly specified per-share amounts for common and preferred stock. In Brazil, this instrument is a tax-efficient way for companies to remunerate shareholders while recognizing the payment as an expense.
The bank notes this interim interest equals about 18.3% of its usual monthly net interest payments and will be included when calculating mandatory dividends set in the bylaws. This suggests the payout partly anticipates the annual dividend rather than adding to it.
Key dates are the July 3, 2026 record date, the July 6, 2026 ex-rights date, and the latest payment date of January 29, 2027. Actual impact on yield and capital ratios would depend on Bradesco’s full-year earnings, which are not detailed here.
Key Figures
Key Terms
withholding income tax financial
mandatory dividends financial
record date financial
forward-looking statements regulatory
FAQ
What are the record date and ex-rights date for Banco Bradesco (BBD) interim interest?
When will Banco Bradesco (BBD) pay the approved interim interest?
How does this Banco Bradesco (BBD) interim interest compare to regular payments?
What tax rate applies to Banco Bradesco (BBD) interim interest on equity?
SECURITIES AND EXCHANGE COMMISSION
06029-900 - Osasco - SP
Federative Republic of Brazil
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____.
Banco Bradesco S.A. (Bradesco or Company) informs its shareholders and the overall market that the Board of Directors, in a meeting held today, approved Board of Executive Officers´ proposal for payment of interim interest on shareholders´ equity, in the total amount of R$3,500,000,000.00, being R$0.315359035 per common share and R$0.346894939 per preferred share.
Those shareholders registered at the Company records on July 3, 2026 (right base date) shall be benefited and the shares will be negotiated “ex right” to the interim interest on shareholders´ equity as of July 6, 2026.
The payment will be made up to January 29, 2027 by the net value of R$0.260171204 per common share and R$0.286188324 per preferred share, after deducting the withholding income tax of seventeen point five percent (17.5%), except for the legal entity shareholders who are exempt from such taxation, who will receive by the declared amount and will be performed as follows:
| · | to the shareholders whose shares are deposited at the Company and who keep their register and banking data updated, by means of credit in the current accounts in Financials Institutions appointed by them; and |
| · | to the shareholders whose shares are deposited at B3 S.A. - Brasil, Bolsa, Balcão, by means of Institutions and/or brokerage houses which keep their shareholding position in custody. |
The shareholders who do not have their data updated must go to a Bradesco Branch of their preference, with their Individual Taxpayer’s ID, Identity Card and proof of residence to update their information and receive the respective amounts to which they are entitled.
The interest hereby approved represents, approximately, 18.3 times the value of interest paid monthly, net from withholding tax, and will be computed in the calculation of mandatory dividends for the year set forth in the Company’s Bylaws.
Cidade de Deus, Osasco, SP, June 23, 2026.
André Costa Carvalho
Investor Relations Officer
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BANCO BRADESCO S.A. | ||
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By: |
/S/André Costa Carvalho
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| André Costa Carvalho Investor Relations Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.