Shareholder Remuneration

Provision in Bylaws: The Bylaws of the Company establish the distribution of a minimum dividend that is the higher of R$359 million or 25% of net income from the year (IFRS).

Dividend practice: ISA CTEEP’s dividend practice is to distribute at least 75% of regulatory net income (used as proxy for cash generation), subject to approval by the Shareholders Meeting, and the possibility of paying interim dividends, always ensuring that the dividend will be equal to or higher than minimum mandatory dividends.

On December 8, 2023, the Board of Directors approved the payment of interest on equity amounting to R$1,452,233,489.33 million, based on the net income from fiscal year 2023, which corresponds to R$ 2.204083 per share. Shares started trading ex-date on December 14, 2023, and payment was defined in two installments: (i) R$160,000,586.01 on January 15, 2024; and (ii) R$1,292,232,903.32 on April 10, 2024. Therefore, payout in 2023 was 75%.

Earning Type	Deliberation Date	Distribution Base	Payment Date	Total1 (R$ million)	R$ / share
JCP	Dec-23	Result of the fiscal year 2023	Jan-24 Apr-24	160.0 1,292.2	0.242835 1.961248
			TOTAL	1,452.2	2.204083

Historic of Earnings Distribution¹ (R$ million)

¹ annual distribution of earnings on an accrual basis, according to the baseline distribution year
² Considering fiscal year 2021 and earnings paid from reserve

Annual Summary of Earnings Distribution (R$ million)

• Payment Year
• Fiscal Year (base)

 Click here to download the spreadsheet

Annual Summary of Earnings Distribution (R$ million)

¹ Excludes a non-controlling shareholder participation.
² Distribution of dividends, based on the reserve constituted in the financial statements regarding the year of 2017.
³ Distribution of interim dividends on the constituted profit reserve.

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Updated on October 30, 2024.