Dividends and JCP

Dividend Policy

All publicly-held companies pay part of their profits to shareholders as dividends or interest on equity (IOE) in proportion to the number of shares held by them.

Metalúrgica Gerdau S.A and Gerdau S.A. pay dividends and/or IOE equivalent to at least 30% of the year’s adjusted net income, calculated in accordance with the accounting practices in Brazil.

As of March 31, 2003, the Gerdau Group companies have been paying dividends and/or IOE quarterly as advance payment of the mandatory dividend.

Payout e Yield

DIVIDEND DISTRIBUTION (R$ million)

2011 2012 2013 2014 2015 2016 2017 2018
Gerdau S.A.
Adjusted net income (Base of Dividend) * 1,863 1,292 1,435 1,282 (4,551) (2,891) (359) 2,171
Dividend deliberated 597 408 477 426 253 85 136 765
Pay-out 32.0% 31.6% 33.2% 33.2% 35.2%
Yield ** 1.5% 1.7% 1.6% 1.4% 1.6% 1.1% 0,7% 3.6%

* Note of stockholders’ equity.
** Historical dividend deliberated in the year paid per share / historical price per share.

 

Last update: April 2, 2020
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