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
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Petrobras: Big Pullback Due To Dividend Surprise