INTER & Co (NASDAQ: INTR) details cash dividend terms for Brazilian BDR holders
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
INTER & Co, Inc. detailed how it will pay a previously announced cash dividend to holders of its Brazilian Depositary Receipts (BDRs). The dividend is USD 0.113101823 per common share, and each BDR represents one common share.
The depositary will convert the dividend using an exchange rate of BRL 5.2337 per USD 1.00, apply a 0.38% IOF tax on the foreign exchange transaction, and pay BDR investors BRL 0.589692558 per BDR on March 13, 2026.
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FAQ
What dividend is INTER & Co (INTR) paying per BDR?
INTER & Co will pay BDR holders a cash dividend of BRL 0.589692558 per BDR. This amount results from a dividend of USD 0.113101823 per common share converted at BRL 5.2337 per USD, after applying a 0.38% IOF tax on the FX transaction.
When will INTER & Co (INTR) pay the dividend to BDR holders?
INTER & Co will pay the cash dividend to BDR holders on March 13, 2026. The payment follows a dividend announced on February 11, 2026 and reflects conversion into Brazilian Reais plus the applicable 0.38% IOF tax deducted by the depositary.
What exchange rate is INTER & Co (INTR) using for the BDR dividend?
The dividend for BDR holders will be converted using an exchange rate of BRL 5.2337 per USD 1.00. This rate is applied by the depositary to translate the USD 0.113101823 per share dividend into Reais before deducting the 0.38% IOF tax.
How does the IOF tax affect INTER & Co (INTR) BDR dividends?
A 0.38% IOF tax is applied on the foreign exchange transaction executed by the depositary when converting dollars to Reais. This tax is deducted from the dividend amount, resulting in a net payment of BRL 0.589692558 per BDR to investors.
Where can INTER & Co (INTR) investors get more information about the dividend?
Investors can obtain more information from INTER & Co’s Investor Relations Department via the email address ir@inter.co. Additional details are also available on the company’s investor relations website at http://investors.inter.co/en, alongside other shareholder communications and updates.