Atlas · Joint-stock companies
The maximum deadline for dividend payment is 60 days after declaration
AnswerDividends must be paid within a maximum of 60 days from the declaration date and must, in any case, occur within the same fiscal year, unless otherwise decided by the general meeting.
Reviewed on 2026-10-02 · next review 2027-04-02
Data
| Who | Criterion | Consequence | Source | Data of the data |
|---|---|---|---|---|
| Company | Dividend declaration | Payment within 60 days from the declaration date | Lei 6.404/1976, art. 205, § 3.º | 15/12/1976 |
| Company | Dividend payment | Must occur within the fiscal year | Lei 6.404/1976, art. 205, § 3.º | 15/12/1976 |
Data consulted on 02/10/2026.
Basis
- Lei n.º 6.404/1976, compilada (Planalto, in Portuguese): art. 205, § 3.º, establishes the 60-day limit for dividend payments from the declaration date and mandates that payment occurs within the fiscal year.
How it applies
The 60-day deadline is the general rule for companies to pay dividends to shareholders after declaration. The law requires payment to be made within the fiscal year. If the general meeting decides on a different term, the 60-day rule may be waived. Payment can be made via registered check sent by mail or by credit to a bank checking account.
Limits
- The general meeting has the authority to resolve contrary to the 60-day period.
- Payment must mandatorily be completed within the fiscal year, unless otherwise provided by the general meeting.
- The statute of limitations for dividend collection is 3 years, starting from the date they were made available to the shareholder.
- The versions read are those published by Planalto; subsequent changes must be checked at the official source.