Deadline to guarantee extraordinary dividends from PETR4 is in May

Deadline to guarantee extraordinary dividends from PETR4 is in May
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  • The first installment will be R$1.45 per common and preferred share. Of this, R$0.57 are part of regular distributions and R$0.88 are extraordinary dividends.
  • The second installment will also be R$ 1.45 per PETR3 and PETR4, with R$ 0.57 from regular dividends and R$ 0.88 from extraordinary dividends.

For the investor to guarantee regular and extraordinary earnings, two cut-off dates (date with) will be applied. For regular values, the deadline to guarantee the proceeds from PETR3 and PETR4 is April 25, 2024. From this Friday (26), the shares will be traded ex-rights.

Regarding extraordinary earnings, the cutoff date will be May 2 for the oil company’s shares traded on B3. The ex-date will be May 3rd.
Payment of earnings will also be made in two installments, the first on May 20 and the second on June 20, 2024.

Who will be the main beneficiaries?

According to information from B3, the shareholders with a relevant stake in Petrobras are: National Bank for Economic and Social Development – BNDES (1.04%), BNDES Participações – BNDESPAR (6.90%), BlackRock Inc (2.15%), GQG Partners LLC (5.45%), Federal Union (28.68%) and other shareholders (55.78%). The most recent data is from March 21, 2024.

With Petrobras distributing 50% of the extraordinary dividends, the government will benefit with R$6.3 billion. The most representative foreign investors are the management company BlackRock and GQG Partners, says Gabriel Duarte, an analyst at Ticker Research. With the payment of half of the extraordinary dividends, foreign investors would benefit with R$471.93 million and R$1.2 billion.

The article is in Portuguese

Tags: Deadline guarantee extraordinary dividends PETR4

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