Petroleo Brasileiro S.A.- Petrobras Announces Special Dividend of $0.14 (NYSE:PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) announced a special dividend on Tuesday, May 12th. Shareholders 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 payment 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% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $4.01 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 2.4%

PBR traded down $0.49 during mid-day trading on Wednesday, reaching $20.01. 5,566,278 shares of the stock were exchanged, compared to its average volume of 27,761,646. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.48 and a current ratio of 0.71. The stock has a market capitalization of $128.98 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.83 and a beta of 0.38. The company has a 50 day moving average price of $20.05 and a two-hundred day moving average price of $15.61. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The firm had revenue of $23.81 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 24.35%. As a group, research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.69 EPS for the current year.

About Petroleo Brasileiro S.A.- Petrobras

Petro?leo 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.