This excerpt taken from the PBR 6-K filed Feb 21, 2006.
Distribution of Interest on Own Capital and Dividends
(Rio de Janeiro, February 17, 2006) - PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces to its shareholders and the market in general that its Board of Directors, meeting today, approved and will propose to the General Shareholders Meeting, to be held on April 03 2006, the payment to shareholders of R$ 7.018 million, equivalent to R$ 1,60 per share in the form of interest on own capital and dividends, related to the Income of FY 2005.
The proposed interest on own capital and dividends are broken-down as shown below:
This amount is equivalent to 31.78% of the adjusted profit for dividend purposes. In 2004, this percentage was 29.88%.
The interest on own capital and dividends still to be disbursed are subject to monetary correction from December 31, 2005 through the effective payment date, in accordance with SELIC rate.
The gross value of R$ 1.60 of interest on own capital and dividends per common and preferred shares corresponds to R$ 6.40 per share before the effect of the September 2005 stock split.