Employee of the Week-- CPL

Taking Employee of the week honors is CPFL Energia SA (CPL), a newcomer to the team.  This company is a Brazilian electric utility.  CPL was up nearly 6.6% for the week edging out three non US equity holdings for the top spot and reaching a 52 week high in the process.

CPL has a policy of semiannually paying out 50% of net income as dividends.  In a Tuesday conference call they announced a dividend of 6.9% which is good but actually the lowest dividend yield in two years.  Management also announced a complicated sequence of splits for both common shares and the ADRs which I don't understand completely but it must be good news given the jump in the share price.