Petrobras pays this fourth 1st installment of dividends of R$ 87.8 billion

Petrobras on Wednesday (31) pays its shareholders the first installment of dividends for the second quarter of 2022, which total R$87.8 billion, or about R$6.73 per share.

Payment will be made in two installments of R$43.9 billion, corresponding to R$3.36 per common and preferred share, with the second installment scheduled to be paid on September 20.

Those shareholders who had shares in the company on August 11 will be entitled to the payment.

The largest shareholder of the company, the Union will be entitled to approximately R$ 25 billion of the total amount to be distributed via dividends by the oil company.

The government has 28.7% of the total capital, but controls the company by having 50.2% of the common shares.

At the end of July, the government asked the main federal state-owned companies –Petrobras, BNDES, Banco do Brasil and Caixa Econômica Federal– to advance part of the dividends that would only be paid in 2023, withdrawing revenues that would be received for the next term.

Amid the sharp rise in oil in the first months of the year, a survey by global asset manager Janus Henderson indicated that Petrobras was the company that paid the highest dividends among all listed companies in the world in the second quarter of 2022.

In addition, a study by the TradeMap platform also pointed out that Petrobras is the company that most remunerated investors via dividend payments among shares listed on the Brazilian Stock Exchange in 2022, until July.

Although the size of the amount paid attracts the attention of investors, experts point out that investing in the company’s shares with a focus only on the short term, thinking only of receiving dividends, may not be worth it.

This is because, on the day following the cut-off date established by Petrobras, that is, August 11, the value of the shares is automatically discounted by the corresponding value of the dividend distributed per share.

“The financial value held by the investor does not change, what happens is just a distribution on top of the amount he has invested in the stock”, explained Bruce Barbosa, partner at investment analysis firm Nord Research.

After the strong drop seen the day before above 5%, with the growing fear of the market about the demand for oil in a scenario of possible global recession expected ahead, Petrobras shares have an adjustment session this Wednesday. Around 11:30 am, preferred shares advanced 1.3%, while common shares appreciated 1.6%.