The actions of Petrobras (PETR4) fell this Friday (3), with companies in the commodities sector penalized by the fall in oil prices abroad. But not only this explains the fall of the state-owned company. The day was also the ‘ex date’ for the company’s dividends, which also ends up having an impact on the shares.
At closing, the PETR4 shares fell 1.34%, quoted at R$ 39.89, while PETR3 shares they fell 1.58%, to R$42.01.
Price PETR4
Graph generated on: 05/03/2024
5 days
In B3, as on Thursday, the Ibovespa operated at an increase since opening, this Friday at 127.1 thousand, and closed the day with a gain of 1.09%, at 128,508.67 points, the highest level since the close of April 9, then close to 129.9 thousand . In New York, the day’s rise was between 1.18% (Dow Jones) and 1.99% (Nasdaq).
Sidney Lima, analyst at Ouro Preto Investimentos, recalls that oil prices on the international market faced a downward movement this Friday.
Oil closed lower and accumulated losses of around 6% during the week, amid a reduction in tensions in the Middle East, while Israel and Hamas negotiate an agreement in the Gaza Strip. Thus, the market’s focus is now on supply and demand dynamics, according to analysts.
On the New York Mercantile Exchange (Nymex), WTI oil for June fell 1.06% (-US$0.94), to US$78.11 per barrel. On the Intercontinental Exchange (ICE), Brent for July fell 0.85% (-US$0.71), to US$82.96 per barrel. During the week, losses were 6.85% and 5.95%, respectively
“In the specific case of Petrobras (PETR4), Besides the oil price On the negative, today was the day known as ‘ex date’: whoever ‘slept’ with the company’s shares from yesterday to today acquired the right to receive the dividends that will occur on 05/20 and 06/20″, he explains.
“On that day, it is natural for the market to go through positions (sales), because, even though they no longer have the company’s shares, the investor will receive the dividends on the payment date. Many buy these Petrobras papers thinking about receiving these dividends and, upon acquiring the right, they start selling”, he adds.
This Friday, in fact, Petrobras updated the value to be paid per share of extraordinary dividends for the 2023 financial year, considering the correction of the Selic rate until May 2nd.
According to the state-owned company, the total value per share of extraordinary dividends from Petrobras went from R$1.7571 to R$1.7599. Therefore, considering that this dividend will be paid in two equal installments, the value of each installment went from R$0.8785 to R$0.8799.
Payments for Petrobras dividends will be held on May 20th and June 20th, 2024.
“It is also worth highlighting that the gross values of dividends per share will continue to be adjusted by the Selic rate from 12/31/2023 until the respective payment dates. Income tax will be levied on the amount corresponding to the monetary adjustment of the earnings, in accordance with current legislation”, wrote the Petrobras.
