XP Inc. Announces Dividend and Share Repurchase Program

XP Inc. announced that its board of directors has approved a cash dividend of US$0.20 per Class A common share, payable on June 18, 2026, to shareholders of record as of June 10, 2026. The total distribution is expected to be approximately R$500 million. Additionally, the board has authorized a new share repurchase program, allowing the company to buy back up to R$1.0 billion of its Class A common shares. This repurchase program will begin on May 19, 2026, and continue until May 20, 2027, or completion. The repurchases will be funded by existing cash and may be adjusted or discontinued by the board. The company expects to appoint a broker to execute these repurchases, potentially utilizing safe harbors provided by the SEC. The actual number and value of shares repurchased will depend on various factors including market conditions and regulatory constraints.