Petrobras Pays Shareholders US$2.7 Billion
Brazil's state oil giant Petrobras will pay shareholders R$15.3 billion (about US$2.7 billion) for the third quarter, 12% below August. Key dates inside. The post Petrobras Pays Shareholders US$2.7 Billion appeared first on The Rio Times .
Brazil's state-controlled oil giant Petrobras will distribute approximately US$2.7 billion in dividends to shareholders, a 12% decrease from the US$3.1 billion approved in August. The payout, approved by the board on Tuesday evening, amounts to R$1.1873 per share, based on the third-quarter balance sheet. This figure is derived from a policy that allocates 45% of free cash flow to shareholders, provided the company's gross debt remains at or below the limit set in its strategic plan.
Petrobras anticipates paying out these dividends in two equal installments in February and March 2027, with the cash value adjusted by the Selic rate. The delayed distribution is part of the company's design, and investors holding Petrobras shares, particularly those through US-listed ADRs, will receive these payouts in February and March 2027.
The payout size is influenced by factors such as oil prices, debt levels, and inflation, with upcoming inflation data set to be released on November 12.
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