Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.090

+3.8%

Nov 14 9:30 AM EST

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To: Steve Fancy who wrote (1342)	3/27/1998 12:51:00 PM
From: TOPSID877	Read Replies (1) of 22640

Response TBR Div questions: Lorival da Souza responded to my questions on TBR X-Div date and its amount. "Annual Shareholders Meeting to be held on April 1998 will deliberate on a net dividend of R$ 1.878 per ADR for the year ended December 31, 1997...ex-dividend date in US is April 3, 1998 and ex-dividend date in Brasil is April 8, 1998. Dividend will be restated from December 31, 1998 to the payment date, 60 days after approval on April 7, 1998..." The latest exchange rate shows 1 Br. real= US $0.88; 1.878 reais would be US $1.65, a bit lower than last year's US $1.78 . Apparently Yahoo! (look at the chart under TBR "Detailed" in Yahoo! Finance) is right about the ex-dividend date but not about the probable dividend. Like others, I thought the listed $3.75 seemed too large, but whatever--Telebras is still one of top 10 stocks in the world right now.

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