Brazil's Eletropaulo To Pay BRL322.7 Million In Dividends Sept 24
August 13 2009 - 6:28PM
Dow Jones News
Brazilian power company AES Eletropaulo (ELPL6.BR) said Thursday
that it will pay 322.7 million reals ($177.3 million) in dividends
to investors on Sept. 24.
Holders of common shares will get BRL1.8 per share and holders
of preferred shares will get BRL2.00 per share by that date.
AES Eletropaulo reported second-quarter earnings after market
hours on Thursday, showing a 21.4% drop on the year to BRL154.9
million. The company cited unusually high pension and legal costs
as the main culprit for the decline.
-By Kenneth Rapoza, Dow Jones Newswires, 5511-2847-4541,
kenneth.rapoza@dowjones.com