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MRV Engenharia to pay 155M reais extraordinary dividend

MRV Engenharia e Participações SA will dole out 155 million Brazilian reais through an extraordinary dividend to its stockholders during the second quarter.

The Brazilian homebuilder said in its latest earnings release that it logged fourth-quarter 2017 net income of 180 million reais, a 27% increase over the same period in 2016.

As of March 8, US$1 was equivalent to 3.26 Brazilian reais.