Shareholders of Petrobras They voted for the Brazilian state oil company pay the 50% of dividends extraordinary that he retained in March.
The company will distribute around 22 billion reais ($4.26 billion) in relation to its 2023 results, while the remaining 50% will be kept in a fund for future disbursement to shareholders.
Petrobras reported in a relevant fact that the total remuneration to shareholders for the fiscal year 2023 amounted to 94,350 million reais.
The undistributed half of the possible extraordinary dividends, which for the moment should remain in the company’s statutory reserve, could be distributed at the end of the year, according to the Government’s proposal at the meeting, which should be a new influencing factor in the share price of the state company.
Last year, Petrobras obtained the second largest profit in its history: 124.6 billion reais
“We classify the event as expected and, as far as dividends are concerned, we expect that a possible future definition of 50% undistributed will continue to be one of the events that could move the share price,” the brokerage said. Active in a report.
Last year, Petrobras obtained the second largest profit in its history, of 124.6 billion reais, which would allow it to distribute extraordinary dividends of around 43.9 billion reais if 100% of the amount were paid.
Initially, at a meeting in March, the board had decided to retain 100% of potential extraordinary dividends in a statutory reserve, expressing concern about the company’s investment capacity.
Last week, after much controversy, Petrobras reported that its board “understood, by majority”, as satisfactory the clarifications from the company’s financial management that the distribution of extraordinary dividends of up to 50% of net profit for 2023 would not compromise the sustainability of the company.
Source: Ambito
