Petroleo Brasileiro S.A.- Petrobras Plans Special Dividend of $0.18 (NYSE:PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) declared a special dividend on Monday, November 10th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.1773 per share by the oil and gas exploration company on Friday, February 27th. The ex-dividend date is Friday, December 26th.Petrobras: Why Traders Are Betting Big on a Shareholder PayoutPetroleo Brasileiro S.A.- Petrobras has increased its dividend payment by an average of 0.4%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 32.9%. Petroleo Brasileiro S.A.- Petrobras Trading Up 3.7%NYSE:PBR traded up $0.49 during mid-day trading on Tuesday, hitting $13.50. The company had a trading volume of 8,360,625 shares, compared to its average volume of 21,737,420. The firm has a market cap of $86.97 billion, a P/E ratio of 6.30 and a beta of 0.83. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.10. The business's fifty day moving average is $12.29 and its two-hundred day moving average is $12.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. Geospace Stock Skyrockets After Major Petrobras ContractPetroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. As a group, research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year. Institutional Investors Weigh In On Petroleo Brasileiro S.A.- PetrobrasSeveral institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company's stock worth $7,065,000 after purchasing an additional 43,750 shares in the last quarter. New York State Common Retirement Fund bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $29,984,000. Banco Santander S.A. lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 15.2% in the 1st quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company's stock worth $2,226,000 after purchasing an additional 20,462 shares in the last quarter. Morningstar Investment Management LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 23.8% during the second quarter. Morningstar Investment Management LLC now owns 298,508 shares of the oil and gas exploration company's stock valued at $3,734,000 after purchasing an additional 57,437 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $148,086,000. Petroleo Brasileiro S.A.- Petrobras Company Profile (Get Free Report)These 5 Energy Stocks Hedge Inflation With Growth PotentialPetróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.Featured StoriesFive stocks we like better than Petroleo Brasileiro S.A.- PetrobrasHow to Read Stock Charts for BeginnersServiceNow's AI Efficiency Push Has Analysts Targeting Big GainsCanadian Penny Stocks: Can They Make You Rich? 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