Corporate ActionJul 16, 2026, 06:06 AM
Copel Updates Capital Structure & Dividend Policy
AI Summary
Companhia Paranaense de Energia (Copel) announced that its Board of Directors approved an update to its optimal capital structure parameters and Dividend Policy. The revised policy aims to ensure balanced capital allocation, preserve financial strength, and provide shareholder returns. Key changes include an adjustment to the financial leverage target and an extension of the convergence period.
Key Highlights
- Financial leverage target increased from 2.8x to 2.9x net debt/EBITDA.
- Financial leverage tolerance range updated to 2.6x-3.2x net debt/EBITDA.
- Convergence period to target leverage extended from 24 months to 48 months.
- Dividend policy maintains minimum 75% of Net Income distribution.
- Dividend policy maintains minimum payment frequency of 2 times a year.
Price Impact
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