Although the Bylaws of the Company establish the distribution of minimum dividend, which is the higher of R$ 359 million and 25% of net income from the year (IFRS), ISA CTEEP’s dividend practice is to distribute at least 75% of regulatory net income (used as proxy for cash generation), subject to approval by the Shareholders Meeting, limited to a maximum leverage of 3.0 times Net Debt/EBITDA with the possibility of paying interim dividends.

The Company always strives to maximize value creation for its shareholders and, in 2021, paid record annual dividends, totaling R$ 2.8 billion in the year.

On December 17, 2021, the Board of Directors approved the payment of interest on equity amounting to R$ 144.6 million, based on the net income from fiscal year 2021 and the realization of the special earnings reserve, corresponding to R$ 0.173896 per share and which was paid on January 18, 2022.

Historic of Earnings Distribution1 (R$ million)

Historic of Earnings Distribution (R$ million)

1 annual distribution of earnings on an accrual basis, according to the baseline distribution year

Annual Summary of Earnings Distribution (R$ million)

Payment Year IOE (R$ thousand) Dividends
(R$ thousand)
Total
(R$ thousand)
Payment per share
2022 114.577 - 114.577 R$ 0,17390
2021 950.379 1.851.532 2.801.911 R$ 4,25252
2020 258.178 444.000 702.178 R$ 1,06571
2019 593.858 293.556 887.414 R$ 1,34685
2018 592.000 1.477.999 2.069.999 R$ 12,56672
2017 - 637.900 637.900 R$ 3,87261
2016 - 110.000 110.000 R$ 0,66780
2015 - 365.894 365.894 R$ 2,26898
2014 230.000 195.000 425.000 R$ 2,72631
2013 - - - R$ -
2012 128.107 348.570 476.677 R$ 3,12247
2011 253.407 643.388 896.795 R$ 5,90665
2010 188.564 578.232 766.796 R$ 5,06851
2009 250.608 392.676 643.284 R$ 4,29529
2008 279.018 436.611 715.629 R$ 4,79374
2007 226.792 559.357 786.149 R$ 5,26609
2006 90.000 97.300 187.300 R$ 1,25465
2005 224.354 - 224.354 R$ 1,50286
2004 147.249 - 147.249 R$ 0,98636
2003 50.000 12.782 62.782 R$ 0,42055
2002 86.353 - 86.353 R$ 0,57844
Total 4.663.445 8.444.796 13.108.241 R$ 62,13698

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Annual Summary of Earnings Distribution (R$ million)

Annual Summary of Earnings Distribution (R$ million)

Annual Summary of Earnings Distribution (R$ million)

1 Excludes a non-controlling shareholder participation.
2 Distribution of dividends, based on the reserve constituted in the financial statements regarding the year of 2017.
3 Distribution of interim dividends on the constituted profit reserve.

Updated on May 10, 2022.