MINERVA S.A.

BEEF3
Delayed Quote. Delayed  - 08/19 04:07:57 pm
14.88BRL +2.55%

Minerva S.A. Proposes Supplementary Dividend

02/23/2022 | 09:40pm

Minerva Foods Management proposes to the General Shareholders' Meeting the payment of supplementary dividends of BRL 200 million, or approximately BLR 0.34 per share, in line with its strategy of generating shareholder value and with its income allocation policy, which estimates to distribute at least 50% of net income whenever net leverage is less than or equal to 2.5x. Thus, and after approval by the Meeting, the Company must total BRL 400 million distributed as dividends and from the 2021 fiscal year, thus achieving a payout of 67% of annual net income and a dividend yield of approximately 6.5%.

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