Petroleo Brasileiro S.A.- Petrobras (PBR) to Issue Special Dividend of $0.26 on December 1st

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) announced a special dividend on Friday, August 7th. Investors of record on Tuesday, August 25th will be paid a dividend of 0.2649 per share by the oil and gas exploration company on Tuesday, December 1st. The ex-dividend date is Tuesday, August 25th.

Petroleo Brasileiro S.A.- Petrobras has increased its dividend payment by an average of 0.3%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 17.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 12.2%.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR opened at $19.13 on Friday. The stock has a fifty day simple moving average of $17.69 and a two-hundred day simple moving average of $18.44. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a market cap of $123.28 billion, a price-to-earnings ratio of 4.83, a price-to-earnings-growth ratio of 0.78 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month high of $22.24.

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.