Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get Free Report) announced a special dividend on Friday, August 7th. Stockholders of record on Tuesday, August 25th will be given a dividend of 0.1853 per share by the oil and gas exploration company on Tuesday, December 29th. The ex-dividend date is Tuesday, August 25th.
Petroleo Brasileiro S.A.- Petrobras has raised its dividend by an average of 0.3%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a dividend payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 12.2%.
Petroleo Brasileiro S.A.- Petrobras Trading Up 0.6%
Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $19.13 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.58. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24. The company has a market capitalization of $123.28 billion, a P/E ratio of 4.83, a P/E/G ratio of 0.78 and a beta of 0.33. The business has a 50 day moving average price of $17.69 and a 200 day moving average price of $18.44.
Petroleo Brasileiro S.A.- Petrobras Company Profile
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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