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Brazilian homebuilder MRV Engenharia e Participações to pay special dividend

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Brazilian homebuilder MRV Engenharia e Participações to pay special dividend

MRV Engenharia e Participações SA will make the second payment of a special dividend declared by the company in April to its shareholders Dec. 20.

The Brazilian homebuilder's board declared approved a payment of extraordinary dividends totaling about 327.9 million reais at an extraordinary meeting held April 25.

The second payment of about 163.9 million reais, or about 37 centavos per common share of the company, will be paid to shareholders on record as of Dec. 10.

As of Dec. 5, US$1 was equivalent to 4.21 reais.