Review: Brazil’s Bovespa Index

The Brazilian equity and futures exchange in Sao Paulo is the 4th largest in the Americas and 13th largest in the world based on market capitalization. The main index of the Brazilian stock market is the Bovespa index.

From Wikipedia:

“The Bovespa Index (Portuguese: Índice Bovespa) is an index of about 50 stocks that are traded on the São Paulo Stock, Mercantile & Futures Exchange (Bovespa: BOlsa de Valores do Estado de São PAulo).

The index is composed by a theoretical portfolio with the stocks that accounted for 80% of the volume traded in the last 12 months and that were traded at least on 80% of the trading days. It’s revised quarterly, in order to keep its representativeness of the volume traded and in average the components of Ibovespa represent 70% of the all the stock value traded.”

The components of the Bovespa index are listed here. About half of the index components traded in the U.S. markets as ADRs in the organized exchanges except Banco Do Brasil. These components are listed below together with their current dividend yields:

1.AmBev (ABV)
Current Dividend Yield: 1.18%

2.Banco do Brasil(OTC: BDORY)
Current Dividend Yield: N/A

3.Banco Bradesco(BBD)
Current Dividend Yield: 2.15%

4.Brasil Telecom (BTM)
Current Dividend Yield: N/A

5.Braskem (BAK)
Current Dividend Yield: N/A

6.BRF Brasil Foods (BRFS)
Current Dividend Yield: N/A

7. Cemig (CIG)
Current Dividend Yield: 2.45%

8.Companhia Siderurgica Nacional (SID)
Current Dividend Yield: N/A

9.CPFL Energia (CPL)
Current Dividend Yield: 6.82%

10.Embraer (ERJ)
Current Dividend Yield: N/A

11.Fibria Cellulose (FBR)
Current Dividend Yield: N/A

12.Gafisa (GFA)
Current Dividend Yield: N/A

13.Gerdau (GGB)
Current Dividend Yield: N/A

14.Gol Transportes Aereos (GOL)
Current Dividend Yield: N/A

15.Itau Unibanco(ITUB)
Current Dividend Yield: 0.44%

16. Net (NETC)
Current Dividend Yield: N/A

17. Petrobras(PBR)
Current Dividend Yield: 0.99%

18.TAM Airlines (TAM)
Current Dividend Yield: N/A

19.Ultrapar (UGP)
Current Dividend Yield: 2.16%

20. TIM Participaoes (TSU)
Current Dividend Yield: 2.18%

21. Companhia Vale do Rio Doce (VALE)
Current Dividend Yield: 1.90%

22. Vivo (VIV)
Current Dividend Yield: N/A

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