A few days after losing $14 billion in market value, Brazil’s state-run oil company, Petrobras, said it may dole out a special dividend after all, CEO Jean-Paul Prates said Monday, which could be the subject of a vote during April’s meeting of shareholders. Brazil's shares crashed on Friday, shaving $14 billion off the company’s market value after it disappointed investors by skimping on its dividend, with the ramifications spilling beyond Petrobras and into the wider Brazilian stock market.
Related Two Countries That Could Break Putin's Gas Grip On Europe Lula has summoned Prates to discuss the issue, with the two scheduled to meet later on Monday. Prates said he would not leave his role over the dividend issue. Investors and analysts had expected an extraordinary dividend between $3 and $4 billion for the quarter, on top of the $2.9 billion regular dividend.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Petrobras Skimps on Dividend, Market Value Plummets By $14 BillionBrazil's state-run oil company, Petrobras, saw its shares crash on Friday after it skimped on its dividend, with the ramifications spilling beyond Petrobras and into the wider Brazilian stock market
Lire la suite »
Preston Makers Market returns for March featuring over 70 local businessesSecret Industries at a previous market Pic: Preston Makers Market / Facebook The Flag Market will once again be full of local creatives when the Preston Mak
Lire la suite »