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See if you can receive a share of this Banco do Brasil distribution amounting to R$ 3.21 billion. Learn more!
Banco do Brasil, through its subsidiary BB Seguridade (BBSE3), announced on Monday (7) that it will distribute R$ 3.21 billion in dividends to its shareholders. This amount refers to the profit from the first half of 2023, in addition to dividends not withdrawn in the second half of 2019.
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Banco do Brasil will pay the dividends, equivalent to R$ 1.60 per share, on August 28, considering the shareholder position as of August 16. Therefore, starting on the 17th of that month, the shares will enter the market ex-dividend.
Find out who will be eligible for the Banco do Brasil distribution
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All shareholders with up-to-date registration details will receive the amounts directly in their bank accounts on the stipulated date. However, shareholders with outdated information must visit a Banco do Brasil branch to update their registration details and receive their benefits.
At the branch, they must provide personal documents, such as an ID card, CPF or National Driver's License, as well as proof of address, such as a water, electricity or telephone bill.
How will the dividend payment process work?
The method of payment will vary according to the origin of the shareholder’s shares. Thus, those who purchased directly through the bank will have the dividends deposited into a checking or savings account. On the other hand, shareholders who have shares on B3 will receive the dividends through the entities or brokers where they hold their shares.
BB Seguridade reveals notable profit in the 2nd quarter
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The dividend distribution decision follows a notable net profit of R$ 1.84 billion that BB Seguridade achieved in the second quarter. This represents an increase of 31% compared to the same quarter of 2022. With these figures, the result exceeded Goldman Sachs specialists’ estimates by 11%.
In conclusion, with the encouraging figures and the dividend payment, BB Seguridade shares rose 2.92%, making them one of the session’s biggest gainers on the Ibovespa. Thus, it is an auspicious period for BB Seguridade shareholders, a company renowned for its financial strength, dividend returns, and low risks related to non-performing loans (NPLs).
