The following Telecom and Utility ADR stocks of Brazil offer dividend yields of more than 5%. It should be noted however some of these companies do not pay dividends consistently. 1.Brasil Telecom Participacoes S/A (BRP) is a telecom provider with headquarters in Brasilia. The current yield is 7.36% and the P/E ratio is 14.04. Year-to-date …
Continue reading ‘Brazilian Utilities with More Than 5% Yields’ »
On November 3,2008 Banco Itau Holding Financeira S.A. (ITU) and Uniao de Bancos Brasileiros S.A. (UBB) announced to merge their operations to form a new company called Itau Unibanco Holding S.A. The merger will be effected by the merger of shares(Common, Preferreds, GDRs) of both the companies. Exchange Rate: Each 0.17391 UBB (GDR) will be …
Continue reading ‘Brazilian Banks Banco Itau and Unibanco To Merge’ »
Companhia Vale do Rio Doce (RIO) and Petroleo Brasileiro(PBR) are the two most traded Brazilian ADR stocks in New York. Until recently RIO always used to be in the most active list in NYSE. But recently PBR seems to be joining this list as well. For example, today RIO had a volume of 40M and …
There are three Brazilian Utility ADR stocks that trade on the New York Stock Exchange.Utility ADRs generally tend to have dividend yields and can provide diversification to a well built portfolio. 1.Companhia Energetica de Minas Gerais CEMIG – CIG CIG is an electric utility in Brazil.YTD the stock is up 34.27% and the dividend yield …
There are 5 large private banks in Brazil.Out of these, three trade as Depository Receipts (DRs) in the US. They are: 1. Banco Bradesco S.A (BBD) 2. Banco Itau Holding Financeira S.A. (ITUB) 3. Uniao de Bancos Brasileiros S.A. (UBB) Profile and Key Points (All data as of June 2,2008) 1. BBD: Bradesco Bank is …