Petroleo Brasileiro SA- Petrobras ( (PBR) ) has shared an update.
On February 26, 2025, Petrobras announced that its Board of Directors approved a proposal to distribute dividends totaling R$ 9.1 billion for the fiscal year 2024, subject to approval at the Annual General Meeting on April 16, 2025. This decision aligns with the company’s Shareholder Remuneration Policy, which stipulates distributing 45% of free cash flow to shareholders under certain financial conditions. The total shareholder remuneration for 2024, including dividends, interest on equity, and share buybacks, is expected to reach R$ 75.8 billion. The distribution will occur in two installments in May and June 2025, with adjustments based on the Selic rate, reflecting Petrobras’ commitment to financial sustainability and shareholder value.
More about Petroleo Brasileiro SA- Petrobras
Petroleo Brasileiro S.A. – Petrobras is a Brazilian multinational corporation in the petroleum industry, primarily engaged in the exploration, production, refining, and distribution of oil and gas. The company is a major player in the global energy market, focusing on sustainable and efficient energy solutions.
YTD Price Performance: 8.16%
Average Trading Volume: 13,582,469
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $88.01B
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