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Stock impact report

UPDATE 1-Petrobras board not to discuss extra dividends at Friday meeting, sources say [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
RIO DE JANEIRO, April 17 (Reuters) - The board of directors of Brazilian state-run oil company Petrobras is scheduled to meet on Friday, but a much-awaited discussion on extra dividends will not be on the agenda, four sources familiar with the matter told Reuters. Market participants have been eagerly awaiting a decision on whether the oil giant will pay out the extraordinary dividends relative to its 2023 results or not, but the final word will likely come next week when shareholders gather for a general assembly, the sources said. Petrobras' board in March voted to set aside 43.9 billion reais ($8.39 billion) to pay out in extra dividends in the future, with Brazil's government - which controls the company and its board - hoping it would be able to reinvest that cash. Recent local media reports, however, indicated that members of President Luiz Inacio Lula da Silva's cabinet managed to reach a deal for at least 50% of that amount to be doled out to shareholders - a move that Show less Read more
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