Information Provided By: 
Fly News Breaks for May 19, 2016
PBR
May 19, 2016 | 07:08 EDT
As previously reported, Raymond James downgraded Petrobras to Underperform from Market Perform. Analyst Pavel Molchanov downgraded shares saying multiple expansion has run its course and shares have not traded on fundamentals but rather as a proxy on Brazilian politics.
News For PBR From the Last 2 Days
PBR
Apr 25, 2024 | 14:08 EDT
PBR
Apr 25, 2024 | 13:57 EDT
Petrobras said it approved the remuneration to shareholders for the 2023 fiscal year. The total gross amount remaining to be distributed to shareholders, considering monetary adjustment to date, is equivalent to R$2.895 per share and will be paid in two equal installments in May and June.
PBR
Apr 25, 2024 | 13:35 EDT
PBR
Apr 25, 2024 | 13:15 EDT
Brazil's government proposes in a shareholders meeting that Petrobras pay out 50% of extra dividends relative to 2023 results, reported Reuters. Petrobras shares trading in New York are up fractionally in afternoon trading to $16.89.
