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SÃO PAULO – The shareholders of Bradesco (BBDC4) and Lojas Renner (LREN3) will be "presented" with more shares of these companies. This is a bonus resulting from the distribution of the company's results by the issuance of new shares.
These new shares are distributed free to shareholders, always in proportion to the number of shares already held by the investor. In the case of the shareholders of Bradesco, two new shares will be awarded for every 10 shares held by the investor, and Renner will offer one badet for every 10 shares.
But the same advantage for investors will be the payment of dividends and interest on own funds (JCP), since the remuneration is paid for each share. Thus, the more shares an investor has, the more money he will receive in cash payments.
Bradesco, for example, indicated that it would maintain the value of the monthly interest distribution on the principal of R $ 0.017249826 per common share and R $ 0.018974809 per preferred share . "Thus, the total amount paid monthly to shareholders will be increased by 20% after the inclusion of new shares in their positions," the bank said. In the case of Renner, the increase can reach 10% if the company maintains the amount of dividends paid per share.
Cheaper Stocks
The distribution of stock bonuses generally does not have a positive effect on the investor's stock position, as the increase in the number of shares ends up being offset by the fall in the stock price. As a result, having 400 shares at $ 50 each or $ 500- $ 40 each is of little importance because the value of the $ 20,000 position is the same. It's as if the market value of the business was diluted in more than "parcels".
Why bonuses?
The bonus is the distribution of income by the incorporation of reserves in the share capital. The bonus increases the share capital and the number of shares of the company, but without changing the value of equity, because the reserves are part of the equity of the company.
Invest in stocks with high dividends. :
In this way, this explains why the value of each shareholder does not change because, in practice, the company is no longer worth it because of this event. 19659003] Bradesco justified its bonus operation with the aim of increasing the liquidity of market shares, considering that a higher number of outstanding shares potentially resulted in an increase in business and allowed for an adjustment. the price of the stock, making the price per share more attractive and accessible to a larger number of investors. In addition, improve the adequacy of the reserves of the balance of profits with the legal limits. The increase of the share capital of the bank will be R $ 8 billion.
Renner's decision follows a net profit of R $ 1.020 billion last year, an increase of 39.2% over 2017. Renner's share capital will benefit from an increase of R $ 1.11 billion, of which $ 72 million will be incorporated with the addition of a portion of the balance of the capital reserve and R $ 1.04 billion with the incorporation of a portion of the balance of profits, with bonuses of shares.
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