What is the policy of dividends of the Neoenergia?
The companies controlled by the Neoenergia Group adopt 25% as a minimum percentage of distribution of dividends. However, in the last years the controlled companies distributed 95% of the net profit, being 5% addressed to the constitution of a legal reserve. The Holding has established as a policy a minimum distribution of 35% of the net profit adjusted, being up to the Executive Board of Directors to justify any payment proposal lower than this percentage. The additional distribution is conditioned to the macroeconomic, ruling and market status that may interfere: (i) in the Indebtness Policy of the Neoenergia group, (ii) in the opportunities of investments in new businesses and (iii) in the non-recurring results and/or those that shall not be converted in cash for the time being.
