Investor Presentaiton
Dividend Policy
Eletrobras
Dividends and/or own interest on capital totaling not less than 25% (twenty-five percent) of
adjusted net income;
Dvidends can only be distributed after deducting, before any participation, accumulated
losses and provision for Income Tax;
The Company should pay dividends out of net income from the year, retained earnings or
earning reserves (excluding the legal reserve). The payment of the earnings reserves is a
Company decision;
Class "A" preferred shares shall be given priority in the receipt of dividends distributed each
fiscal year, at a rate of 8% (eight percent) per annum on the capital relative to this type and
class of shares;
Class "B" preferred shares shall be given priority in the receipt of dividends distributed each
fiscal year, at a rate of 6% (six percent) per annum on the capital relative to this type and
class of shares;
Preferred shares shall participate, on equal terms, with common shares in the distribution of
dividends each fiscal year, after ensuring that common shares receive a dividend at a value
equal to the lowest of those assigned to preferred shares. Preferred shares are ensured the
right to receive dividends distributed in the fiscal year, per share, at least 10% (ten percent)
higher than the amount assigned to common shares in the respective year.
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