PagSeguro Digital Ltd. Announces Dividend Targets and Share Repurchase Program
PagSeguro Digital Ltd. announced its expected dividend distribution for 2027 and 2028, aiming to distribute at least R$2.0 billion over the two years (R$1.0 billion per year). This initiative underscores the Company's dedication to optimizing capital and delivering sustainable returns to shareholders, though future dividend declarations remain at the Board's discretion and are subject to market and financial conditions. Additionally, the Board has authorized a new share repurchase program, allowing for the buyback of up to US$150 million in outstanding Class A common shares. This program is effective immediately and has no set expiration date, with repurchases to be conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934. PagSeguro Digital Ltd. is a prominent financial technology and software solutions provider in Brazil, focused on democratizing financial services through a comprehensive, mobile-first digital banking ecosystem.