TOTVS Pays Interest on Capital Amid Brazilian Market Focus on IPCA Data
1 report, 1 independent
Updated Oct 8
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What happened
TOTVS announced that it is paying interest on capital to shareholders today. This event was noted alongside Blau Farmacêutica's similar payment. The Brazilian market is currently focused on the upcoming IPCA inflation print, with a consensus estimate of 4.5% for the annual rate.
From riotimesonline.com
Why it matters
The interest payment represents a small cash event for holders of TOTVS stock. This occurs while traders weigh Brazil’s domestic easing path against global dollar strength, ahead of the next Selic decision.
From riotimesonline.com
Who's involved
- TOTVSBrazilian software company that is paying interest on capital to shareholders
- StoneCo Ltd.Financial technology company that previously divested software assets, including Linx, to TOTVS
Keep exploring
The entities involved
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TOTVS
Brazilian software company
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