By Brazil Stock Guide – Petrobras approved a 9.03 billion-real shareholder payout as an advance on 2026 remuneration, the state-controlled oil producer said Monday.
The payment, equivalent to 0.70097272 real per common and preferred share, was approved by Petrobras’s board based on the company’s March 31 balance sheet, according to the company’s news agency. Petrobras is traded in São Paulo under PETR3 and PETR4, and in New York through ADRs under PBR and PBR.A.
The company said the distribution is in line with its shareholder remuneration policy, which provides for the payout of 45% of free cash flow when gross debt is at or below the maximum level set in the current strategic plan, subject to the other conditions established by the policy.
Petrobras said the proposed distribution is compatible with the company’s financial sustainability.
For shareholders holding Petrobras shares on B3, the record date will be June 1. The stock will trade ex-rights starting June 2.
The payment will be made in two equal installments, both as interest on capital. The first installment, of 0.35048636 real per common and preferred share, will be paid on Aug. 20. The second installment, also of 0.35048636 real per common and preferred share, will be paid on Sept. 21.
The company said the amounts will be deducted from the shareholder remuneration to be approved at the 2027 annual general meeting, referring to the 2026 fiscal year. Each installment will be adjusted by Brazil’s Selic benchmark interest rate from the payment date until the end of the current fiscal year.
For ADR holders on the New York Stock Exchange, the record date will be June 3. Payments for the first and second installments will be made starting Aug. 27 and Sept. 28, respectively.