THE Petrobras (PETR3; PETR4) is very famous for its dividends. And, once again, the state-owned company returned to the spotlight by announcing dividends of R$ 6.73 per share.
However, only those who have the oil company’s shares in their portfolios until tomorrow, August 11, will be entitled to this amount. As of the 12th, the paper will be traded as “ex-dividends”.
According to consensus of Reuters, eight investment brokers recommend the purchase of shares, the average target price is R$ 39.06. Another 3 brokers indicate to keep the papers.
Petrobras dividends
From 2022 to the end of July, Petrobras’ common shares, PETR3, delivered dividend yield of 21.69%, while the preferred ones, PETR4, had a return of 23.40%, according to a survey by the Economics/TC.
In a year up to July, these values were, respectively, 43.61% and 42.28%.
The state-owned company announced, on July 28, that it will distribute BRL 87.8 billion in earnings, an amount considerably higher than expectations gives Activate Investments.
The first installment, in the amount of BRL 3.366002 per outstanding preferred and common share, will be paid on August 31, 2022. The second, of BRL 3.366001 per share, will be paid on September 20, 2022 .
The last dividend paid by PETR3 and PETR4 was a dividend of R$1.857750 per asset on July 20 of this year.
Join the Buy or Sell group on Telegram!
You have first-hand access to the main investment recommendations from Brazilian and foreign analysts and also participate in discussions on the topics. Join our group on Telegram now!
Disclaimer
O Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.
Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
