Petrobras (PETR4) approves R$94.3 billion in dividends; R$2.89 per share

Petrobras (PETR4) approves R$94.3 billion in dividends; R$2.89 per share
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Petrobras (PETR4) informed in a relevant fact that the total remuneration to shareholders for the 2023 financial year amounted to R$94.35 billion, including around R$22 billion in extraordinary dividends, according to approval at a meeting this Thursday (25) .

According to the oil company, this value includes advance payments approved throughout 2023 and paid until March 2024 (R$58.214 billion), plus the proposal for additional dividends worth R$36.139 billion, which is equivalent to R$2.79957250 per common and preferred shares.

“Considering the monetary update at the Selic rate of 12/31/2023, to date, this value has increased by R$0.09538421 per share”, highlights Petrobras.

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Therefore, the total remaining gross amount to be distributed to shareholders, considering the monetary update to date, is equivalent to R$2.89495671 per share and will be paid in two equal installments in the months of May and June 2024.

Distribution will be as follows:

  • first installment, in the amount of R$1.44747835 per preferred and common share; with R$0.56890230 referring to the application of the Shareholder Remuneration Policy formula and R$0.87857605 referring to extraordinary dividends;
  • second installment, in the amount of R$1.44747836 per preferred and common share; with R$0.56890230 referring to the application of the Shareholder Remuneration Policy formula and R$0.87857606 referring to extraordinary dividends.

Petrobras dividends: cutoff date

According to Petrobras, the dividend cutoff dates will be as follows:

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  • April 25, 2024, for holders of shares issued by Petrobras traded on B3 and the record date will be April 29, 2024 for holders of ADRs traded on the New York Stock Exchange (NYSE).
  • Petrobras shares will be traded ex-rights on B3 and the NYSE from April 26, 2024.

In the case of extraordinary dividends, the cutoff date will be May 2, 2024, for holders of shares issued by Petrobras traded on B3 and the record date will be May 6, 2024 for holders of ADRs traded on the New York Stock Exchange (NYSE).

Petrobras shares will be traded ex-rights on B3 and the NYSE from May 3, 2024.

The article is in Portuguese

Tags: Petrobras PETR4 approves R94 .3 billion dividends R2 .89 share

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