Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get Free Report) announced a special dividend on Tuesday, May 12th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of 0.1426 per share by the oil and gas exploration company on Thursday, August 27th. The ex-dividend date of this dividend is Wednesday, June 3rd.
Petroleo Brasileiro S.A.- Petrobras has increased its dividend by an average of 0.3%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $4.01 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 8.0%.
Petroleo Brasileiro S.A.- Petrobras Price Performance
Shares of NYSE:PBR traded down $0.62 during midday trading on Wednesday, reaching $19.88. The company’s stock had a trading volume of 7,510,922 shares, compared to its average volume of 27,784,225. The business’s fifty day simple moving average is $20.05 and its 200-day simple moving average is $15.61. The company has a market capitalization of $128.11 billion, a P/E ratio of 6.47, a P/E/G ratio of 0.83 and a beta of 0.38. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $22.24. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.48.
About Petroleo Brasileiro S.A.- Petrobras
Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.
Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.
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