Brazil-JBS-Friboi to pay shareholders double dividends.

BRAZIL-JBS-SA PAY DOUBLE DIVIDENDS.

In an effort to lure investors this year, Latin

America’s largest beef exporter JBS SA (JBSS3.BR) said its board of directors

voted to double 2008 dividend payments. The final decision is subject to

General Assembly approval, scheduled for March 30. If approved, JBS’ board said

it will increase 2008 dividend distributions to 102.3 million Brazilian reals

($43.5 million) compared to an initially planned distribution of BRL51.1

million.