Dividend Policy and History

Dividend Policy

The Brazilian Corporation Law and the Company’s By-laws require the shareholders’ ordinary general meeting to be held up to April 30 of each year where the shareholders must, among other things, decide about the distribution of the annual dividends. All shareholders are entitled to receive the dividends on the date when the dividends were declared.

The Company’s shareholders will decide about the Board of Directors proposal to allocate the net income for the prior year. The Brazilian Corporation Law defines "net profits" for any fiscal year as net income for that fiscal year, net of any accumulated losses from prior fiscal years, income tax and social contribution taxes and any amounts allocated to the participation of its employees and management in RNI’ net profits in such fiscal year.

The RNI´mandatory dividend is of at least 25% of the adjusted net income, under the terms of the Brazilian Corporate Law and the Company’s By-laws, determined in the unconsolidated financial statements. The yearly distribution of dividends, including dividends in excess of the minimum mandatory dividend, requires approval by a majority vote of the holders of RNI’ common shares and will depend on many factors. These factors include the Company’s results of operations, financial condition, cash requirements, future prospects and other factors deemed relevant by RNI’ board of directors and shareholders.

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Dividend History

The table below shows the dividend and interest on shareholders´ equity to RNI Negócios Imobiliários shareholders after IPO (Jan/07)

Record Date Payment Date Type of Proceeds Gross amount declared per share Net amount paid per share Gross amount declared (R$000)
04.30.2007 05.30.2007 Dividends 0.00382 0.00382 186
12.19.2007 01.10.2008 Interest on equity 0.17499 0.14874 8,500
04.17.2008 04.25.2008 Dividends 0.02199 0.02199 1,068
04.15.2009 05.13.2009 Dividends 0.40492 0.40492 19,670
04.29.2010 05.26.2010 Dividends 0.135775 0.135775 6,595
04.13.2011 06.10.2011 Dividends 0.350334 0.350334 17,017
04.29.2012 06.20.2012 Dividends 0.343745 0.343745 16,500
04.29.2013 06.20.2013 Dividends 0.668554127 0.668554127 32,055
12.09.2013 12.19.2013 Dividends 0.4182211 0.4182211 20,000
04.23.2014 06.23.2014 Dividends 0.5241936 0.5241936 20,000
04.24.2015 05.13.2015 Dividends 0.3830214 0.3830214 16,239
04.26.2016 05.16.2016 Dividends 0.2370295 0.2370295 10,000