(Image: Guilherme Dardanhan/ALMG)
A Cemig (CMIG4) approved the payment of R$472.5 million in interest on equityshows a document sent to the market this Tuesday (17).
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According to the document, the value per share will be R$0.16520222078, with 15% income tax withheld at source, with the exception of exempt investors.
Shareholders who wish to take advantage of the value will have until September 23 to purchase shares. From the 24th, the shares will be traded 'ex-JCPs'.
The amount will be paid in two equal installments, the first by June 30, 2025 and the second by December 30, 2025.
Is it worth buying Cemig?
Last month, Cemig held its Investor Day. For analysts who attended the event, the company reaffirmed the strategic direction outlined in 2023.
A XP Investments considers the continuity of the company's strategies a positive development, given that it shows a continuation of the company's successful operational trajectory. With this, the company reiterates its positive and recommendation for buy for Cemig.
Analysts highlight that the federalization process is still under discussion and there is no visibility on the result, while the current strategy is to focus on Minas Gerais, where the company is implementing a Capex plan of around R$49 billion in the period 2019-28.
Furthermore, they comment that, in transmission, Cemig expects to spend approximately R$3.5 billion on reinforcements and improvements and, in generation, market conditions are not good for expansion and the company is preparing to find possible solutions for its hydroelectric concession that expires soon.