Petroleo Brasileiro S.A.- Petrobras (PBR) to Issue Special Dividend of $0.14 on August 27th

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) declared a special dividend on Tuesday, May 12th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.1426 per share by the oil and gas exploration company on Thursday, August 27th. The ex-dividend date is Wednesday, June 3rd.

Petroleo Brasileiro S.A.- Petrobras has raised its dividend by an average of 0.3%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a dividend payout ratio of 13.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $4.02 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 8.0%.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.1%

Shares of NYSE PBR opened at $18.76 on Monday. The firm’s 50-day simple moving average is $20.45 and its 200 day simple moving average is $16.31. The company has a market cap of $120.88 billion, a price-to-earnings ratio of 6.09, a price-to-earnings-growth ratio of 0.75 and a beta of 0.32. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. On average, research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 earnings per share for the current fiscal year.

About Petroleo Brasileiro S.A.- Petrobras

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.