Under the Company’s Corporate Bylaws, ISA CTEEP is committed to paying a minimum dividend between R$ 359 million or 25% of the fiscal year’s net income (IFRS), whichever is the highest. Additionally, extraordinary dividends may be distributed.

In June of 2018, management announced a dividend payment policy to the market, proposing to distribute at least 75% of regulatory net income (used as a cash generation proxy) subject to shareholders’ approval in Shareholder’s Meeting, limited to a ceiling on leverage of 3.0x Net Debt/EBITDA, with the possibility of interim dividend payments, according to the Company’s Bylaws.

The Company announced  BRL 1.7 billion as earnings for fiscal year 2020, equal to a payout of 83% of net regulatory income with a 9% yield.

In 2021, the Board of Directors approved the distribution of two amounts of dividends: the first, on February 22, in the amount of BRL531.2 million paid on May 21; and the second, on July 1st, in the amount of BRL311.1 million paid on July 15th.

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 Management Proposal to be resolved at the Annual Shareholders' Meeting of 03/25/2021

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Updated on November 5, 2021.