According to the Company’s Bylaws, in Chapter VI – Fiscal Year and Profits: “The Shareholders are entitled to a non-cumulative annual dividend of at least 50% (fifty percent) of the adjusted net income for the year, pursuant to Article 202 of the Brazilian Corporate Law.” The Company has presented a history of dividend payments higher than the minimum compensation shown in the text of its bylaws provided above, which complies with the best corporate governance practices and its corporate strategy.
On 05/08/2024, TAESA announced, through a Material Fact, its proposal for distribution of earnings. Aiming to execute the strategic planning and provide greater predictability for the market, the calculation basis for the distribution of the Company’s earnings will be the regulatory net income. For the 2024 fiscal year, the proposed distribution of earnings will be at least 75% of the regulatory net income. From the 2025 fiscal year onwards, the Company’s intention is to propose the distribution of earnings between 90% and 100% of the regulatory net income. The proposal does not change the distribution of minimum mandatory dividends provided for in Taesa’s Bylaws , which consists of a non-cumulative annual dividend of at least 50% of the adjusted net income for the year.
