Petrobras (PBR) Loses Steam Alongside Its Dividend [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Yahoo! Finance
That's the case of the oil company Petroleo Brasileiro SA- Petrobras (PBR), or Petrobras for short, which has been a great performer over the past few years, largely thanks to its stalwart dividend appeal. However, in the last two years, the company has shifted its focus toward expanding its businesses and investing in exploration, production, and renewables, dampening the oiler's dividend appeal. Discover the Best Stocks and Maximize Your Portfolio: See what stocks are receiving Strong Buy ratings from top-rated analysts. Filter, analyze, and streamline your search for investment opportunities with TipRanks' Stock Screener. As demonstrated by its Q4 results , Petrobras is showing signs of weakness in maintaining the same level of dividend distribution as in the past. With that in mind, I take a bearish stance on the company, acknowledging that as the dividend thesis loses steam, the market's interest in Petrobras is likely to also fade. Petroleo Brasileiro SA- Petrobras (PB
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