Energisa

Dividends

Energisa

Dividends Policy

The Corporate Law and Company articles of incorporation require a general meeting of shareholders to be held by April 30th of each year, in which, among other measures, shareholders should decide with respect to the distribution of annual dividends. All shareholders have the right to receive dividends on the date of declaration of dividends.

The Company shareholders will deliberate on the proposals of the Board of Directors for allocation of the profit from the previous financial year. In accordance with the Corporate Law, net profit is defined as the result of the financial year remaining after deducting the losses accumulated in previous years, the amounts relating to income tax and social contribution and any amounts destined to the payment of statutory share in the company profit for employees and Administrators.

Energisa‘s mandatory dividend is at least 35% of the adjusted net income, pursuant to the Company‘s Bylaws, as amended by the General Meeting held 10/16/2015, based on the unconsolidated financial statements. The annual declaration of dividends, including payment of dividends in addition to the minimum obligatory dividend requires the approval of the Annual General Meeting by a majority vote of the Energisa shareholders, and will depend on various factors. These factors include the Company’s operational results, financial condition, cash requirements and future perspectives, as well as other factors that the Energisa board of directors and shareholders judge relevant.

The payment of dividends, interest on equity and any other values from Energisa S/A subsidiaries should aim for the upper limit (95% of the Net Profit, as well as Accumulated Profit), however, the reference leverage limit (statutory leverage), duration and financial cost of the subsidiary and/or consolidated debt cannot deteriorate.

Dividend payment history

Energisa replaced Energisa Minas Gerais (formerly known as Companhia Força e Luz Cataguazes-Leopoldina – CFLCL) in a trading session at the São Paulo Stock Exchange (Bovespa) on 9th April, 2007. It is the new holding company for Grupo Energisa following a share merger process. Therefore, those holding shares in Energisa Minas Gerais (formerly CFLCL) have become Energisa shareholders, with the ratio of one Energisa share for every 8,428.45307906018 shares in CFLCL.

The tables below show the dividends distributed to Energisa’s shareholders from 2007 onwards:
A tabela abaixo mostram os dividendos distribuídos aos acionistas da Energisa a partir de 2007:

2023- Dividends
Payment Initial Payment Date Value Per Share (R$) Total
(R​$ Thousand)
Common  Preferred  Units(*)
Interim 1/12/24 0.20 0.20 1.00 407,063
Interim 8/29/23 0.14 0.14 0.70 284,944
2022- Dividends
Payment Initial Payment Date Value Per Share (R$) Total
(R​$ Thousand)
Common  Preferred  Units(*)
Interim 3/30/23 0.16 0.16 0.80 325,650
Interim 9/01/22 0.2320 0.2320 1.16 472,193
2021- Dividends
Payment Initial Payment Date Value Per Share (R$) Total
(R​$ Thousand)
Common  Preferred  Units(*)
Interim 3/2/22 0.44 0.44 2.20 796,375
Interim 9/29/21 0.13 0.13 0.65 235.293
2020 - Dividends
Interim 8/26/20 0.0560 0.0560 0.28 101,615
Interim 3/30/21 0.22 0.22 1.10 399,204
​2019 - Dividends

 

Interim 4/03/20 0.0640 0.0640 0.32 116,132
Interim and from previous years 8/23/19 0.0560 0.0560 0.28 101,615
2018 - Dividends
Interim 4/10/19 0.03 0.03 0.15 54,437
Interim 3/11/19 0.13 0.13 0.65 235,893
Interim 9/04/18 0.056 0.056 0.28 96,870

 

2017 - Dividends
Interim 3/08/18 0.10 0.10 0.50 172,983
Interim 9/01/17 0.056 0.056 0.28 96,870

 

2016 - Dividends
Interim 3/08/17 0.0572 0.0572 0.286 98,946
Interim 8/26/16 0.023 0.023 0.115 39,786

 

2015 - Dividends
Interim 3/8/16 0.0572 0.0572 0.286 75,200
Interim 7/20/15 0.082 0.082 0.41 100,351

 

2014 - Dividends
Supplement 6/29/15 0.107 0.107 0.535 130,946
Interim ​11/09/14 0.056 0.056 0.28 68,532

 

2013 - Dividends
Inter​im 3/12/14​ 0.082 0.082 0.41 100,351
Interim 8/21/13​​ 0.0233 0.0233 0.1165 8,514
Interim 3/6/13 0.0327 0.0327 0.1635 40,018
​2012 - Dividends
Interim 2/7/13 0.103 0.103 0.515 111,030
Interim 8/20/12 0.056 0.056 0.280 60,366

 

2011​ - Dividends
Supplement 4/4/12 0.040 0.040 0.200 43,118
Interim 9/2/11 0.056 0.056 0.280 60,365

 

​2010 - Dividends
​Supplement 3/15/11 0.033 0.033 0.165 35,573
Interim 9/28/10 0.056 0.056 0.280 60,866

 

2009 - Dividends
Supplement 3/22/10 0.033 0.033 0.165 36,152
Interim 10/29/09 0.080 0.080 87,204

 

​2008 - Dividends
2008 financial year 9/25/08 0.260 0.286 57,436

 

​2007 - Dividends
Supplement 3/24/08 0.400 0.440 88,363
Interim 9/11/​07 0.300 0.330 65,064

 

(*) Business with the Units began on November 6, 2009.