Market Reacts to Petrobras’s Dividend Caution

Petrobras’s shares fell sharply on Wednesday, with a 3.8% dip in preferred shares. CEO Jean Paul Prates indicated a shift towards a cautious dividend strategy amidst renewable energy goals during a Bloomberg interview. Preferred shares fell to R$40.45 and common shares to R$41.88, ranking them among the Ibovespa’s biggest declines. The market’s anticipation of high […]

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