Marfrig´s mandatory dividend accounts for at least 25% of the adjusted net income, under the terms of the Brazilian Corporate Law and the Company’s By-laws, determined in the unconsolidated financial statements.
The Dividend History is described below:
| Year of Reference | Event | Payment Date | Total | Gross Earnings / Share | Net Earnings / Share |
|---|---|---|---|---|---|
| 2007 | IOC | 9/5/2008 | R$ 37.600.000,00 | R$ 0,184360 | R$ 0,156706 |
| 2009 | IOC | 15/12/2010 | R$ 146.059.493,50 | R$ 0,489936 | R$ 0,416446 |
| Dividends | 15/12/2010 | R$ 15.221.769,00 | R$ 0,041645 | R$ 0,041645 | |
| 2010 | IOC | 15/12/2011 | R$ 29.832.677,00 | R$ 0,101265 | R$ 0,086075 |
| Dividends | 15/12/2011 | R$ 4.864.588,00 | R$ 0,014036 | R$ 0,014036 |