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Inter & Co, Inc. (NASDAQ:INTR; B3:INBR32), a commercial bank headquartered in Brazil, has announced that it will proceed with the payment of dividends to holders of its level 2 Brazilian Depositary Receipts (BDRs), as initially disclosed in their February 6, 2025, filing. The payment follows the company’s earlier declaration of a dividend amounting to USD 0.08 per Class A share.
The dividend for each BDR, which is backed by one Class A share, will be paid after currency conversion and tax deductions. The effective exchange rate used for converting US dollars to Brazilian Reais is R$ 5.7985 per USD 1.00. Additionally, an IOF tax of 0.38% will be applied to the currency exchange performed by the depositary. After accounting for this tax, the dividend amount to be paid out per BDR will be R$ 0.462117256. While the stock has experienced a significant 30% decline over the past six months, InvestingPro data shows the company maintains profitability with a P/E ratio of 14.85.
BDR holders can expect to receive their dividends on March 7, 2025. This announcement was made from the company’s executive offices in Belo Horizonte, Brazil, on Thursday, February 27, 2025, by Rafaela de Oliveira Vitória, the Investor Relations Officer of Inter & Co.
For further details, BDR holders and investors are encouraged to contact Inter&Co’s Investor Relations Department or visit their website. This information is based on a press release statement and reflects the company’s commitment to its shareholders.
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