Petrobras Approves Dividends of $4.94 Billion, Signals Potential Changes in Payout Policy
On Thursday, Brazil’s government-operated petroleum corporation, Petrobras, made an announcement that its board members have consented to a dividend payout of nearly 24.7 billion reais, which equates to around $4.94 billion, to be disbursed later in the year. Interestingly, the company also hinted at possible future adjustments to its dividend distribution policy. The official statement,…