Petrobras Announces Substantial Dividend Distribution for 2024
Company Announcements

Petrobras Announces Substantial Dividend Distribution for 2024

Petroleo Brasileiro SA- Petrobras (PBR) has released an update.

Petrobras has announced plans to distribute interim dividends totaling R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share, as a part of its 2024 shareholder remuneration policy. This move aligns with the company’s strategy to allocate 45% of its free cash flow to shareholders, ensuring financial sustainability. Shareholders can expect payments in February and March 2025, with the exact form of distribution to be confirmed in December 2024.

For further insights into PBR stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskPetrobras Reports Steady Production and Strategic Advances in Q3 2024
TipRanks Auto-Generated NewsdeskPetrobras Reports Significant Asset Growth in 2024
TipRanks Auto-Generated NewsdeskPetrobras Reports Decline in Assets and Revenue
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App