Petrobras Weathers Dividend Cut and Market Value Drop
On March 8, 2024, Petrobras experienced a significant loss in market value, dropping R$55.3 billion ($11 billion) within a day. This downturn was triggered by the announcement that lower dividends would be issued for the fourth quarter of 2023. This decision led to a notable decrease in stock values, with PETR3 falling by 10.37% and […]