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Porto Seguro will pay 32.35M reais in interest on equity for Q4 results

Porto Seguro SA will pay out 32.35 million Brazilian reais in interest on equity tied to its fourth-quarter results.

The amount corresponds to a gross amount of 10 centavos per share or a net amount of 8.50 centavos considering a 15% income tax, according to a Dec. 15 filing.

The accounting payment was set for Dec. 22 for shareholders of record as of Dec. 20, while the final payment date will be set in a shareholders meeting on April 30, 2017, the insurer noted.

As of Dec. 15, US$1 was equivalent to 3.38 Brazilian reais.