Discover which corporations paid the most to shareholders in 2023

The pursuit of profitability through profit distribution to shareholders remains one of the most sought-after strategies by Brazilian investors. This investment model offers a recurring cash flow, making it especially attractive for those looking to supplement their income. In this article, we analyze the main corporations that maintain robust shareholder remuneration policies and present a practical guide to identify good opportunities in this segment.

Why focus on corporations that remunerate shareholders?

Shareholder remuneration functions as a mechanism through which companies share their profits with the owners of the shares. This practice often occurs quarterly or annually and represents one of the main forms of return to the investor.

The calculation of this remuneration is based on the company’s net profit, also considering the number of shares each shareholder holds. Companies that adopt this policy generally demonstrate financial solidity and result predictability.

The advantages of this approach are multiple. First, it generates a continuous income stream that can be used both to increase personal purchasing power and for reinvestment and expansion of ownership stake. Second, organizations that consistently distribute their earnings generously usually have stable financial structures and low operational risk, significantly reducing exposure to losses compared to companies that do not adopt this practice.

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The main corporate names distributing profits in 2023

After understanding the relevance of this investment model, we present the corporations that stood out in profit distribution to shareholders throughout the 2023 fiscal year.

📈 Petrobras (PETR4): 20% shareholder remuneration

Global leader in the oil and gas segment, Petrobras remains at the forefront of remuneration policies. In 2023, the state-owned company distributed profits equivalent to 20% of its consolidated net income. Its strategy of divestments in lower-yield assets, combined with focus on high-performance operations, allowed it to maintain attractive remuneration even amid sector volatility.

📈 Gerdau Steelworks (GOAU4): 15% in shareholder remuneration

Positioned among the largest global steel producers, Gerdau demonstrates consistency in its distributable profits policy. During 2023, it remunerated its shareholders with 15% of the annual net profit. The organization sustains this position through robust operational cash generation and continuous gains in productive efficiency.

📈 Companhia Siderúrgica Nacional (CSNA3): 13.4% remuneration

CSN ranks among the largest Brazilian steelmakers and benefits from the favorable commodity cycle. In 2023, it distributed 13.4% of its profits to shareholders. The context of high prices for iron ore and steel products significantly boosted its financial resource generation, enabling generous remuneration.

📈 Bradespar (BRAP3): 12.8% in distribution

As a holding company with significant stakes in Vale and CPFL Energia, Bradespar leverages gains generated by its investments. In 2023, it remunerated with 12.8% of its results. The favorable performance of Vale, driven by the positive commodity cycle, directly reflects in the holding’s distributive capacity.

📈 BB Seguridade (BBSE3): 10.5% shareholder remuneration

Controlled by Banco do Brasil and active in the insurance segment, BB Seguridade presents a resilient business model. During 2023, it remunerated its shareholders with 10.5% of the consolidated profit. Its consistent cash generation and robust operational structure allow for the maintenance of an attractive policy for investors.

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Methodology to evaluate remunerative corporations

Analyzing a corporation that regularly remunerates its shareholders requires a multifactor assessment. For those seeking companies that pay dividends consistently, the following fundamental steps are recommended:

🔔 1. Review the history of shareholder remuneration

The starting point is to verify the historical track record of profit distribution. Organizations with consistent remuneration records tend to offer greater reliability. This information is available in annual reports and specialized financial analysis platforms.

🔔 2. Assess the proportion of profits distributed

This metric expresses the percentage of net profit allocated to shareholders through remuneration. It varies by sector and corporate strategy. While a high proportion is attractive, it may also signal insufficient reinvestment in organizational growth.

🔔 3. Consider the relative yield (Dividend Yield)

This ratio compares the dividend paid per share to the current share price. It indicates the return in terms of yield. A high yield is often attractive, but may also signal financial difficulties and share devaluation.

🔔 4. Evaluate the company’s patrimonial solidity

To continue distributing profits, the organization needs to be financially healthy. This includes a robust balance sheet, controlled debt levels, and strong cash generation. Equally important is having a sustainable business model and proven capacity for generating persistent results.

🔔 5. Monitor the evolution of shareholder remuneration

Beyond the current yield, consider the growth trajectory of the remuneration. Corporations that regularly increase their payments offer potential for incremental gains. However, excessively rapid growth may prove unsustainable in the long term.

🔔 6. Understand the corporate distribution commitment

Finally, analyze the declared distribution policy. Some organizations commit to specific percentages, while others adjust according to capital needs. A transparent and predictable policy is a positive signal to investors.

It is emphasized that the assessment should not be limited solely to shareholder remuneration. It is crucial to analyze overall corporate performance, sector dynamics, and future growth prospects.

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Shareholder remuneration overview over the last five years

The remunerative stock market has shown significant evolution over the past sixty months, covering multiple economic sectors.

Corporations with the highest shareholder remuneration (five-year period):

Final guidelines for investing in remunerative stocks

Building a portfolio based on corporations that pay dividends is a viable strategy for those seeking recurring income. However, it requires detailed analysis beyond simply observing remuneration.

Reviewing corporate financial history, assessing patrimonial health, and considering future projections are essential for making well-founded decisions. It is also recommended to diversify investments across different sectors and organizations to minimize concentrated risks.

Therefore, conduct thorough research on dividend-paying corporations before allocating capital. Always remember: financial operations involve risk, requiring comprehensive information and conscious decisions. Success in your investment journey!