During a shareholders’ meeting held on Thursday, April 23, Magazine Luiza (MGLU3) approved the distribution of dividends. The total dividend payment is R$63 million, which corresponds to R$0.0813001921 per common share.
The dividend is composed of three parts. A mandatory minimum dividend of R$3,021,053.04, additional dividends of R$17,119,300.54, and interim dividends of R$42,859,646.42.
Only holders of Magazine Luiza common shares as of the close of business on Friday, April 24, are entitled to receive the payment. Starting Monday, April 27, the shares will trade ex-dividend, meaning the price will be adjusted to reflect the upcoming distribution. The company will pay the dividends on May 8, 2026.
Shareholders decided on the payment at the assembly, which was convened to discuss the distribution of profits. The per-share amount was calculated based on the total declared and the number of outstanding common shares. The mandatory minimum dividend is a legal requirement, while the additional and interim dividends were voted on by shareholders.
The payment date is more than a year away from the meeting date, giving the company time to process the distribution. Investors who purchase shares after the ex-dividend date will not receive this dividend. The record date of April 24 determines eligibility.
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