At a meeting held on January 23, 2014, the Board of Directors of Lojas Renner S.A. proposed the distribution of 40% (forty percent) of the results for fiscal year 2013 to the shareholders at the next Annual General Meeting, to be held in April 2014, in the form of dividends and interest on capital.
The said proposal takes into account, the Company's policy of sustained growth and its investments in new stores, in structure and the logistics process and in the Shared Services Center.
Source:
http://www.fibre2fashion.com/news/apparel-news/newsdetails.aspx?news_id=158758
