Distributions to Shareholders

    Total distribuitions of dividends

    (R$ thousand) 2014 2015 2016
    Adjusted net income 14.495 21.909 30.496
    Dividends/IOC paid 802 2.522 27.419
    Pay-out 5,5% 11,5% 89,9%

    Distribuition to Shareholders

    (R$ Million)

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