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Emerging-Market ADRs: Winners and Losers

TAM (TAM) emerged major loser last week, down 3.8% as rising fuel costs hit major airlines. However, last week, the company declared BRL 1.16 per share dividend payable April 13, 2011. Another airline stock, Gol Linhas Aereas Inteligentes (GOL) erased 2.4%.

Vivo Participacoes (VIV) fell 3.6%. Meanwhile, the company went ex-dividend on April 6, 2011 with shareholders eligible for $3.15 per share dividend. Furthermore, Embraer (ERJ - Get Report) shed 2.7% during the past week

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