XP Inc. Announces Cash Dividend

Rhea-AI Summary

XP Inc. (Nasdaq: XP) Announces US$0.73 Cash Dividend per Share

Positive

• XP Inc. continues to demonstrate financial strength by declaring a significant cash dividend of US$0.73 per common share, showcasing commitment to shareholder value.
• The announcement of the cash dividend reflects XP Inc.'s robust position as a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, potentially attracting more investors seeking stable returns.

Negative

• None.

SÃO PAULO--(BUSINESS WIRE)-- XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today that its Board of Directors has approved payment of a cash dividend of US$0.73 per common share. The dividend will be payable on December 22, 2023, to shareholders of record as of December 13, 2023.

About XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

• Educating new classes of investors;
• Democratizing access to a wider range of financial services;
• Developing new financial products and technology applications to empower clients; and
• Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," “aim,” "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control. XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231113875713/en/

Investor Contact: ir@xpi.com.br

IR Website: investors.xpinc.com

Source: XP Inc.

FAQ

What is the dividend amount announced by XP Inc.?

XP Inc. has declared a cash dividend of US$0.73 per common share.

When will the dividend be payable to shareholders?

The dividend will be payable on December 22, 2023.

Who is eligible to receive the dividend?

Shareholders of record as of December 13, 2023, are eligible to receive the dividend.

What is the stock ticker symbol of XP Inc.?

The stock ticker symbol of XP Inc. is Nasdaq: XP.