I received the recent .38/sh dividend, but was under the impression that (part of) the extraordinary dividend was also to be paid out. Has anyone received the extraordinary dividend? Below is benefit description from CEMIG's investor site.
At its meeting today, June 27, 2014, the Board of Directors decided to pay extraordinary dividends of
R$ 1,704,000,000.00 (one billion seven hundred four million Reais),
corresponding to R$ 1.354228576 per share,
in two installments:
R$ 1,100,000,000.00 (one billion one hundred million Reais)
corresponding to R$ 0.874208588 per share, by July 8, 2014, and
R$ 604,000,000.00 (six hundred four million Reais)
corresponding to R$ 0.480019988 per share, by September 30, 2014.
I can never keep straight what dividends I have coming and have been paid - but I got a .40/share divvy payment this morning (or about 0.40). Im not sure which one that is. But this is a long term hold to get 10% back in divys a year.
The dates from investor relations are usually the dates in Brazil. The dates for the ADR come afterwards. We had the ex-date on Tuesday (stock price drop). Citibank handles the ADR payments. They have the extraordinary dividend listed on their site, but they haven't defined a payment date yet.