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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: John F. Poteraske who wrote (983)	1/20/2008 12:05:47 PM
From: Steve Felix	Respond to of 34328

Don't know if the dividend can continue at the current rate of payout, but can't deny their growth. Looking at it as a stock for future dividend growth seems positive. From the Investor Kit link here: cpfl.com.br Their latest company newsletter: mzweb.com.br CPFL Energia announced intermediary divi- dend based on the fi rst half-year of 2007 in the amount of R$ 842 million, which corresponds to R$ 1.76 per share approximately. This dividend represent 100% of CPFL net profit, a measure which surpasses the current dividend policy which stipulates a payout of not less than 50% of net income adjusted half-yearly. The 1Q07, annualized half-yearly dividend yield, calculated as the average share price over the period (R$ 31.74) is 11.1%. The Shares were considered ex-dividend on August 15, 2007, and was effected in september 28, 2007. A word from the CEO Privatization - 10 Years On Over these ten years of privatization CPFL Energia has been transformed into a benchmark in the Brazilian electric sector. Recognized for its operational effi ciency, for the quality of services rendered and for the value created for the shareholders, in recent times the company has had a history of triumphs and conquests. During this time the creation of the holding company took place and this triggered the enormous leap forward in generation, commercialization and distribution of electric power. The company’s generation capacity has multiplied by a factor of 10.15 and today, plants designed in 2001 are either in operation or in construction. The commercializing sector is a successful reality and is also the market leader. Distribution acquisitions have increased our presence on the maps of São Paulo, Rio Grande do Sul, Minas Gerais and Paraná, with 6.3 million customers in 568 Brazilian cities. The public offering in 2004 kick started the growing appetite for new acquisitions. The trajectory is upwards and serves to positively chart our future. We have attained emphatic results and we will continue fi rmly with our commitment to construct a leading brand, strong and respected by the market and society as a whole. Wilson Ferreira Jr. CPFL Energia CEO