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____
Securities and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC
Ref.: Payment of Complementary Dividends
The Board of Directors of Banco Bradesco S.A., at a meeting held today, approved the Board of Executive Officers proposal for the payment of Dividends to the Companys shareholders, as complement to Interest on Shareholders Equity and Dividends related to the year 2010, in the amount of R$315,100,000.00, of which R$0.079771188 per common share and R$0.087748307 per preferred share.
The shareholders registered in the Companys Books on this date (February 11th, 2011) will be benefited. The Companys shares will be traded ex-right on Dividends as from February 14th, 2011.
The payment will be made on February 18th, 2011, by the declared amount, without Withholding Income Tax, pursuant to Article 10 of Law # 9,249/95.
The aforementioned Dividends related to the shares held in custody of BM&FBOVESPA S.A. Bolsa de Valores, Mercadorias e Futuros (Securities, Commodities and Future Exchange) will be paid to the referred BM&FBOVESPA, which will transfer them to the shareholders through the Depository Agents.
Thus, the amount of Interest and Dividends distributed to the shareholders, related to the year 2010, totals R$3,368,743,286.83, as follow:
In R$
Monthly Dividends paid |
589,104,992.04 |
Intermediary Interest of the 1st half paid |
558,538,294.79 |
Subtotal Paid Value (*) |
1,147,643,286.83 |
Complementary Interest to be paid on February 18th, 2011 |
1,906,000,000.00 |
Complementary Dividends to be paid on February 18th, 2011 |
315,100,000.00 |
Subtotal Value to be paid |
2,221,100,000.00 |
Total |
3,368,743,286.83 |
(*) It takes into consideration the bonus stock approved at the Special Shareholders Meetings held on December 18th, 2009 and June 10th, 2010.
Per share in R$
Type |
Monthly Dividends |
Intermediary Interest of the 1st half |
Complementary Interest |
Complementary Dividends |
Total |
Common share |
0.158631000 |
0.155520588 |
0.482461664 |
0.079771188 |
0.876384440 |
Preferred share |
0.174494100 |
0.171072647 |
0.530707830 |
0.087748307 |
0.964022884 |
Cordially,
Investor Relations Officer
BANCO BRADESCO S.A. | ||
By: |
/S/ Domingos Figueiredo de Abreu
| |
Domingos Figueiredo de Abreu Executive Vice President and 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.