When will Petrobras pay its next dividend?

When will Petrobras pay its next dividend?

Petrobras, the Brazilian state-owned oil company, has been a topic of discussion among investors lately. One of the most common questions asked is when the company will pay its next dividend. In this article, we will explore the dividend history of Petrobras and try to answer this question.

Dividend History of Petrobras

Petrobras has a long history of paying dividends to its shareholders. The company paid its first dividend in 1957 and has been paying dividends every year since then. However, the dividend payments have been irregular in recent years due to the company's financial difficulties.

In 2014, Petrobras was hit by a corruption scandal, which led to a drop in oil prices and a decline in the company's profits. As a result, Petrobras suspended its dividend payments and focused on reducing its debt. The company resumed its dividend payments in 2018 after a four-year hiatus.

Petrobras' Dividend Policy

Petrobras'dividend policyis to distribute at least 25% of its net income to shareholders. The company's board of directors determines the amount of the dividend payment, which is subject to approval by shareholders at the annual general meeting.

When Will Petrobras Pay Its Next Dividend?

Petrobras paid its last dividend in September 2020, which was a special dividend of $0.15 per share. The company has not announced the date for its next dividend payment yet. However, based on the company's dividend history, investors can expect Petrobras to pay its next dividend in the second half of 2021.

Investment in Petrobras

Investing in Petrobras can be a good option for investors who are looking for exposure to the oil and gas sector. The company has a strong presence in Brazil and has been investing heavily in offshore exploration and production. However, investors should also be aware of the risks involved in investing in Petrobras, such as the company's high debt levels, political instability in Brazil, and fluctuations in oil prices.

Investors can consider investing in Petrobras through exchange-traded funds (ETFs) or by buying the company's shares directly. ETFs provide diversification and can reduce the risk associated with investing in a single company.

Conclusion

Petrobras is expected to pay its next dividend in the second half of 2021. The company's dividend history shows that it has a long-standing commitment to paying dividends to its shareholders. However, investors should also be aware of the risks involved in investing in Petrobras. Careful consideration and analysis are necessary before making any investment decisions.