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home / news releases / PBR - Petrobras: Big Pullback Due To Dividend Surprise

PBR - Petrobras: Big Pullback Due To Dividend Surprise

Petroleo Brasileiro S.A.- Petrobras

2024-03-08 16:00:08 ET

Summary

  • Petrobras reported weaker-than-expected earnings and a lower-than-expected dividend, causing its shares to drop by over 10%.
  • Despite the weaker-than-expected dividend, PBR remains a high-yielding investment with strong profitability and cash flows.
  • The company's undervalued stock and attractive dividend yield make it an appealing investment option, although political risks should be considered.

Article Thesis

For further details see:

Petrobras: Big Pullback Due To Dividend Surprise
Stock Information
Company Name: Petroleo Brasileiro S.A.- Petrobras
Stock Symbol: PBR
Market: NYSE
Website: petrobras.com.br
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