Petroleo Brasileiro (PBR) - Petrobras shares were up nearly 2% in recent trading Tuesday, a day after the company reported higher Q1 earnings and announced interim dividends on common and preferred shares.
The company reported Q1 diluted earnings per common and preferred share of $0.46, up from $0.37 a year earlier.
Two analysts polled by FactSet expected $0.46, if comparable.
Revenue for the quarter ended March 31 was $21.07 billion, down from $23.77 billion a year earlier. Analysts expected $21.64 billion, if comparable.
Further, the company approved Monday the payment of interim dividends and interest on equity in the amount of 11.72 billion Brazilian reais ($2.09 billion), equivalent to 0.90916619 reais per outstanding common and preferred share related to the fiscal year 2025.
The dividends will be paid in two installments on Aug. 20 and Sept. 22. For share traded on B3, the record date is June 2, and June 4 for holders of American Depositary Receipts traded on the NYSE.
Price: 12.29, Change: +0.22, Percent Change: +1.78
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