Petrobras shares close above 2% on day of dividend announcement and price reduction

Petrobras’ common shares (PETR3) closed up 2.12%, at R$34.73, and preferred shares (PETR4) up 3%, at R$32.29, this Thursday (28) .

Earlier, the company announced that it will reduce the average sale price of gasoline to distributors, from R$3.86 to R$3.71, a reduction of R$0.15 per liter as of Friday. fair (29). The cut is 3.88%.

This is the second announcement in the administration of the new president of the state-owned company, Caio Paes de Andrade, who took office at the end of last month.

In this session, the oil company announced the payment of dividends to shareholders for the second quarter of 2022 in the amount of R$ 6.73 per preferred and common share currently outstanding.

The payment was divided into two installments in the amount of R$ 3.36 on August 31 and September 20. The total is BRL 87.8 billion.

In the case of holders of receipts for shares traded on the New York Stock Exchange (ADR), the payment of dividends will take place on September 8 and 27.

It is worth noting that Petrobras shares had their trading suspended for a few minutes on Thursday afternoon (28), both on the B3 and on the New York Stock Exchange, shortly before the oil company released a material fact about the distribution of dividends.

The shares also rose pulled by the rise in the price of oil. Brent commodity closed at $107.14, up 0.49%.

Investors are still awaiting the company’s financial results. In the latest data released, Petrobras recorded a net profit of R$ 44.5 billion in the first three months of 2022. The result represents a jump in profitability of more than 3,000% compared to the same quarter of 2021.