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) shed 2.7% during the past week

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