Gol Linhas Aereas (GOL) announced a dividend of 30 cents per share, a decrease of about 25% from its prior dividend in March of 39.8 cents. Fourth quarter net income at the Brazilian airline fell 67 percent to 132.2 million reais or $79 million.
Shares are lower by two and three quarter percent.
In other dividend news, Bank of Montreal (BMO) maintained its quarterly dividend of 70 cents per share. Fedex Corporation (FDX) maintained its quarterly dividend of 12 cents per share.
Among dividend increases, Hanover Insurance Group Incorporated (THG) announced its quarterly dividend of 27.5 cents per share, an increase of about 10% over its prior dividend in December of 25 cents. Clearbridge Energy MLP Fund Incorporated (CEM) announced its quarterly dividend of 35.5 cents per share, an increase of about 1% over its prior dividend in February of 35 cents.
Among dividend reductions, Educational Development (EDUC) announced its quarterly dividend of 12 cents per share, a decrease of about 20% from its prior dividend in December of 15 cents.
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