Financial Education #290: the dispute at Petrobras and the impact on the stock market

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Expert talks about the controversy surrounding the oil company’s dividends and explains the impacts this has on shareholders and the Brazilian stock market. After announcing R$14.2 billion in dividends at the beginning of March, Petrobras shares experienced difficult days. On the day of the announcement, shares fell 10%. Despite being a billionaire, the value was below expectations and represents the minimum that the company should pay — equivalent to 45% of the company’s free cash flow. The extraordinary dividends were not paid, and there was market frustration with the company’s decision to retain the remainder. From then on, behind-the-scenes rumors in Brasília said that the current president of Petrobras, Jean Paul Prates, could be fired, after he took a stand against the decision not to distribute dividends, as shareholders wanted. After more turbulence in the company, this episode of the Financial Education podcast will explore how this crisis impacts shareholders and the Brazilian financial market as a whole. LISTEN TO THE PODCAST BELOW: Listen also on Spotify players Amazon Apple Podcasts Google Podcasts Castbox Deezer Logo podcast Educação Financeira Comunicação/Globo What are podcasts? Podcasts are episodes of audio programs distributed over the internet and can be enjoyed on various platforms — including g1, ge.com and gshow, for free. Content can be listened to on demand, that is, whenever and however you want! Generally, podcasts tend to cover a specific and in-depth topic in an attempt to build a loyal audience.

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