Dividends

Dividend Policy

In compliance with the law (Lei das Sociedades por Ações) – we are allowed to specify in our shareholder´s agreement documentation the minimal percentile of profit to be distributed as mandatory dividend, or, even, paid as capital interest, our documentation defines this mandatory payment. The “Estatuto Social” from Wiz stabilish that the share-holders are entitled to receive as the mandatory dividend, for each exercise, the minimum of 50% (fifty percent) of the net income of this exercise, adjusted according to the law (artigo 202 da Lei no 6.404/76).

Dividends are distributed every year upon resolution of our Annual General Meeting, which appreciates the management proposal for the allocation of annual net income. Our Bylaws also authorize the preparation of interim balance sheets referring to six-month or shorter periods, and interim dividends may be declared based on these balance sheets.

 

DIVIDEND HISTORY
Type of Payment Payment
Date
Ex-dividends Date Earnings per Share Total Distributed Amount Distribution
Ratio¹
Dividends 09/19/2018² 04/20/2018 R$ 0.26 R$ 40,913,457.70 100%
Dividends 05/18/2018 04/20/2018 R$ 0.26 R$ 40,913,457.70 100%
Dividends 09/29/2017 09/14/2017 R$ 0.28 R$ 44,127,204.03 100%
Dividends 06/08/2017 05/16/2017 R$ 0.21 R$ 33,453,791.99 100%
Dividends 05/12/2017 04/26/2017 R$ 0.22 R$ 35,704,020.95 100%
Dividends 12/16/2016 12/02/2016 R$ 0.23 R$ 36,813,463.69 100%
Dividends 09/16/2016 09/02/2016 R$ 0.24 R$ 39,100,808.98 100%
Dividends 06/17/2016 06/03/2016 R$ 0.21 R$ 33,453,792.01 100%
Dividends 04/20/2016 04/05/2016 R$ 0.19 R$ 30,642,465.81 100%
Dividends 11/27/2015 11/23/2015 R$ 0.20 R$ 31,709,003.10 100%
Dividends 09/18/2015 09/04/2015 R$ 0.03 R$ 5,246,459.28 100%
Dividends 05/19/2015 * R$ 0.18 R$ 29,430,607.60 100%
Dividends 02/12/2015 * R$ 0.09 R$ 15,062,000.00 100%
Dividends 12/10/2014 * R$ 0,26 R$ 41,836,000.00 100%
Dividends 08/15/2014 * R$ 0.11 R$ 16,987,000.00 100%
Dividends 04/28/2014 * R$ 0.05 R$ 7,797,000.00 100%

¹Distribution ratio: Distribution divided by net income, as calculated under IFRS and adjusted in accordance with Brazilian Corporate Law.

² Payment approved at the Meeting held on 04/19/2018 and scheduled for 09/19/2018.