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 and Yield

DIVIDEND DISTRIBUTION (R$ million)

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1S21
Gerdau S.A.
Adjusted net income (Base of Dividend) * 1,863 1,292 1,435 1,282 (4,551) (2,891) (359) 2,171 1,142 2,083 5,342
Dividend deliberated 597 408 477 426 253 85 136 765 356 715 1,603
Pay-out 32.0% 31.6% 33.2% 33.2% 35.2% 31.2% 34.3% 30.0%
Yield ** 1.5% 1.7% 1.6% 1.4% 1.6% 1.1% 0.7% 3.6% 1.4% 2.1% 5.9%

* Note of stockholders’ equity.
** Dividends paid per share during the fiscal year/ initial share price of the fiscal year.

 

 

Last update: August 4, 2021
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