Dividends: Petrobras (PETR4) should lose the position of largest payer for agro action, says Genial

Genial recalls that the war in Ukraine rewarded investors positioned in the oil, gas and biofuels, steel, metallurgy and mining sectors (Image: REUTERS/Paulo Whitaker)

THE Petrobras (PETR4) should lose its position as the largest payer of dividends of the stock exchange, provides for the Genial Investimentos. According to the broker’s calculations, the BrazilAgro (AGRO3) will occupy this position.

See the table below:

Company ticker dividend yield
BrazilAgro AGRO3 20.50%
BMG BMGB4 15.00%
Bank of Brazil BBAS3 13.80%
CSN Mining CMIN3 11.80%
Taesa TAEE11 11.20%
Gerdau GGBR4 10.10%
Petrobras PETR4 10.10%
Engie Brasil EGIE3 9.50%
Agricultural SLC SLCE3 9.30%
Bradesco BBDC3 9.10%

The survey differs, however, from what was expected by the market, as shown in the table below:

Company ticker Dividend yield 2023 Frequency
Petrobras PETR4 22.10% Irregular
Petrobras PETR3 20.90% Irregular
Bank of Brazil BBAS3 14.00% Irregular
Bradespar BRAP4 13.70% Yearly
eztec EZTC3 10.00% semester
cyrela CYRE3 9.90% semester
Engie EGIE3 9.60% Yearly
Taesa TAEE11 9.50% Quarterly
CPFL CPFE3 9.30% Irregular
SLC SLCE3 9.10% Irregular

THE great remember that the war in Ukraine awarded investors positioned in the sectors of Petroleum, gas and biofuels, steel industry, metallurgy and mining.

“These companies generated good cash generation and ended up remunerating their shareholders very well”, he says.

Already the actions Petrobras closed the year with more than 50% of dividends, adding the proceeds (dividend and JCP) paid throughout 2022.

Dividends in 2023

Despite forecasting a challenging year for the market in 2023, the great says that the scenario favors debt payers dividends.

According to analysts, fiscal expansion could put pressure on inflationdemanding a higher interest rate for a longer period of time.

According to the brokerage, leveraged sectors will suffer with the upward movement of the Selic (health, retail and transport) showing higher expenses with financial expenses.

On the other hand, sectors that benefit from fees higher levels or exporting companies can be an escape valve.

Source: Moneytimes

Leave a Reply