Petroleo Brasileiro S.A.- Petrobras (PBR) to Issue Special Dividend of $0.18 on February 27th

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) declared a special dividend on Monday, November 10th. Investors of record on Friday, December 26th will be paid a dividend of 0.1773 per share by the oil and gas exploration company on Friday, February 27th. The ex-dividend date of this dividend is Friday, December 26th.

Petroleo Brasileiro S.A.- Petrobras has raised its dividend by an average of 0.4%annually over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.10 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 22.6%.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $11.84 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The firm has a market cap of $76.27 billion, a price-to-earnings ratio of 5.48, a price-to-earnings-growth ratio of 0.17 and a beta of 0.53. The stock’s 50-day moving average is $12.27 and its 200-day moving average is $12.42. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.32% and a net margin of 16.15%. Equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

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.