The board of directors of root 🇧🇷ROOT4), in a meeting held this Friday (2), approved the distribution of more than R$ 900 million in interim dividends🇧🇷
The amount is R$918.8 million, equivalent to R$0.08904632381 per share, less treasury shares. The payment is based on part of the profit reserve contained in the approved balance sheet for the fiscal year ended March 31, 2022.
The distribution of dividends uses the shareholding position on December 7, 2022 as a reference. As of December 8, 2022, the shares will be considered “ex” dividends.
Payment will be made by March 31, 2023, with the date to be set by the company’s management.
Interim dividends will be imputed to the mandatory minimum dividend for the fiscal year that will end on March 31, 2023.
Source: Moneytimes
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