ELPC Declares R$1.35 Billion Dividend for June 30 Payment
🧾 What This Document Is
This is a Form 6-K, a standard monthly report from a foreign company (in this case, Brazilian) to the U.S. Securities and Exchange Commission (SEC). It's not a quarterly earnings report, but a specific announcement. Its sole purpose is to officially confirm to the market the exact date and details for paying a large cash dividend to shareholders.
🏢 What The Company Does
Energy Company of Paraná, known as Copel, is a major electric utility based in the Brazilian state of Paraná. 👉 In simple terms, it generates, transmits, and distributes electricity to millions of people and businesses. It's a key infrastructure company, trading on both the Brazilian (B3) and U.S. (NYSE) stock exchanges.
💰 The Dividend Details
Copel is paying a substantial cash dividend to its shareholders. Here are the key financial facts:
- Total Payout: A massive R$ 1.35 billion (one billion, three hundred fifty million Brazilian reais).
- Per Share: Each common share (ON) will receive R$ 0.45453469202.
- Payment Day: The cash hits shareholder accounts on June 30, 2026.
👉 Why it matters: This is a direct return of cash to investors. A payout this large signals the company is generating healthy profits and is confident enough in its finances to share a significant portion with its owners.
📅 Critical Dates for Shareholders
If you own or are considering buying Copel's stock, these dates are crucial:
- Shareholder Position Date (Dec 30, 2025): This is the record date. You must have owned the shares by the end of this day to qualify for the dividend.
- Ex-Dividend Date (Jan 2, 2026): If you buy the stock on or after this date, you will not receive the upcoming dividend. The seller gets it. The stock price often adjusts downward by about the dividend amount on this day.
🏦 How the Payment Works
The process is automated but requires up-to-date information.
- For Brazilian Shareholders: Payment is made via credit to your bank account registered with your broker. It's processed by Banco Itaú.
- For International (ADRs) Shareholders: Payment is handled by your custodian bank, The Bank of New York Mellon, which holds the shares on your behalf.
👉 Action Required: Shareholders should verify their banking details are current with their broker or custodian to avoid payment delays.
📞 Official Contacts
For questions, the company and its agents have provided specific contacts:
- Copel Investor Relations: [email protected] | +55 (41) 3331-4011
- Bookkeeping Agent (Brazil): Banco Itaú - WhatsApp: +55 (11) 3003-9285 or 0800 720 9285 | Email: [email protected]
- Overseas Custodian Bank (U.S.): The Bank of New York Mellon - Contact: Cassandra Miranda | Email: [email protected] | Phone: +1 (212) 815-7118
🧠 The Analogy
This filing is like a official wedding invitation for your money. The company is hosting the event (the dividend payment) on a specific date (June 30), and this document sends the formal, SEC-required invitation with all the details: who gets an invite based on the guest list (shareholders on Dec 30), when the reception starts (ex-dividend date on Jan 2), and where to send the gift (your updated bank details).
🧩 Final Takeaway
Copel is distributing R$ 1.35 billion to shareholders on June 30, 2026. If you owned the stock before January 2, 2026, you'll get cash. The key now is ensuring your broker or bank has your correct information to receive it.