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Tenda’s dividend payments and share buyback programs are part of the Company’s efforts to maximize value to its shareholders, seeking to increase the efficiency of its capital structure.

Dividends

In line with the long-term objective of maintaining leverage close to 0%, accepting that this leverage indicator fluctuates between the upper limit of up to 10% and the lower limit of up to 10% negative, the Board of Directors may deliberate quarterly on the distribution of earnings, as required by law.

Dividends History

Event Fiscal Year Type Approval Date Payment Date Total Amount (R$) Amount per share (R$)
12/31/19 Dividends 11/18/19 12/04/19 15,353,540.60 0.157941710
12/31/19 Dividends 08/19/19 09/03/19 17,327,742.76 0.178629910
12/31/19 Dividends 06/07/19 06/25/19 11,816,337.50 0.122440715
12/31/18 Dividends 04/24/19 05/10/19 13,327,164.72 0.138496681
12/31/18 Dividends 12/12/18 12/28/18 25,000,000.00 0.510572183

Stock Buyback

The Company may use the shares to be held in treasury, cancellation and/or to meet the obligations of stock option plans and share-based compensation plans for executives and directors.

Stock Buyback Program

Program Status Start End Amount available (R$ million) Amount used (R$ million) Acquired shares Event
3 Open 04/10/2019  
2 Finished 11/09/2018 02/21/2019 80.8 80.7 2,461,800  
1 Finished 04/30/2018 08/13/2018 113.0 113.0 4,489,300