Wold Cup/Olympics will bring massive growth opertuneties to Brazil, if you plan to go long possibly 2016+ its the best non speculative buy being a utility with 50% of earnings guaranteed toward dividend yearly. However massive regulation and reliance on rainfall for power is a small drawback also has a common and prefered stock and it just performed a split to pay for dividend not to mention its a foreign company that is pegged to the currency of brazil.
Going forward, CIG doubled their annual earnings, and is trading at a near 52 week bottom.
The dividend policy of the company is said to pay out 65% of earnings. Based on the previous payout, that is a reasonable man's guess for the future. Electricity growth in Brazil is higher than here, and the economy is growing faster also. Should regain most of its recent 52 week high of $17 in the next year. The PEG ratio is flashing a buy signal all by itself. I added some today myself.