São Paulo – Usiminas Board of Directors (USIM5) Approval of the distribution of 1.211 billion Brazilian riyals, proceeds referring to the profits of the first half.
There will be R$829.9 million in dividends totaling R$0.646624597 per common share, R$0.711287057 per preferred share and another R$448.6 million in interest on equity (JCP), which represents a net amount of R$0.297122971 per common share and 0.326835268 BRL per share preferred share.
Payment will be made on October 5th, and the date, which is the day investors need to hold company shares in their portfolio to be entitled to the proceeds, is August 31st. The shares will be traded “ex-proventos” on September 1, i.e. whoever buys shares from that day onwards will not be entitled to dividends or equity interest.
Adding Dividends and JCP for Preferred Stock USIM5 – Most Liquid – Total dividend is 1,0381,223 per share, representing profit return (Dividend divided by share price) by 5.99% based on closing value of shares on Thursday (26). For comparison purposes, the Selic prime rate, which guides government bond yields, is currently 5.25% per annum.
Dividends or investments
Usiminas has a long internal debate about what to prioritize: dividends or investments. In its second-quarter results, the company’s negative leverage was already fueling speculation about an unusual dividend, as the steelmaker ended June with more available cash than total debt.
At the time, the company’s management stated on a conference call that it would maintain its dividend policy at 25% of earnings. NS Disappointed by some analysts’ announcement. The Bradesco BBI analysis team has notably expressed its frustration with the decision.
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The first step is to open an account at a brokerage firm approved by the Brazilian Securities Commission (CVM). Remember, the lower your operating costs, the higher your profitability, so give preference to brokers that do not charge a stockbroking fee.
Once the account is opened, simply transfer the funds to be invested from your checking account to the broker’s account and send the order to buy the company’s shares, informing the amount of shares you want to buy.
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