* Investors sell telecom stocks after receiving dividend
* Mexico's IPC index down 1.64 pct, Brazil's Bovespa flat
SAO PAULO/MEXICO CITY July 16 Mexican stocks slid on Tuesday as
investors sold off shares of telecommunications giant America Movil,
Latin America's biggest phone company, after it paid a dividend to shareholders.
Brazil's Bovespa index, which had lost more than 20 percent of its
value between late May and July 8, rose slightly to post a gain for the fourth
session in five, lifted by a strong performance from mining company Vale.
* Mexico's benchmark IPC index dropped 1.64 percent to close at
39,659.51 points. Tuesday marked the index's third consecutive losing session.
* The IPC has lost more than 9 percent so far this year, compared with a
17.9 percent gain in 2012. The index is on track to post its worst performance
since the onset of the global economic crisis in 2008.
* Shares of America Movil, which paid a 0.11 peso ($0.009) per share
dividend to shareholders on Tuesday, dropped 3.22 percent, contributing most to
the index's losses.
* Brazil's benchmark Bovespa stock index posted a modest 0.28
percent gain to close at 46,869.29 points. A 1.86-percent rise in Vale shares
boosted the index.
* Chilean markets were closed for a local holiday.
Latin America's key stock indexes at 2046 GMT:
Stock indexes Daily YTD pct
Latest pct change
MSCI Latam 3,146.99 0 -17.13
Brazil Bovespa 46,869.29 0.28 -23.10
Mexico IPC 39,659.51 -1.64 -9.26
Chile IPSA 3,806.92 1.78 -11.50
Chile IGPA 18,874.70 1.43 -10.42
Argentina MerVal 3,394.28 1.35 18.92
Colombia IGBC 13,119.05 0.54 -10.85
Peru IGRA 15,136.15 0.75 -26.63
Venezuela IBC 1,249,789.00 N/A 165.10