Petrobras’ BOD Approves R$10.3bn Dividend Payment

(Petrobras, 24.Feb.2021) — Petrobras, informs that its Board of Directors, at a meeting held today, approved dividends to shareholders based on the 2020 annual results in the amount of R$10.3bn, corresponding to R$0.787446 per common and preferred share.

This value is equivalent to 5% of the share capital, applied to both preferred and common shares. Of the total amount, R$5.7bn refer to the allocation of 2020 annual results and R$4.6bn come from the profit retention reserve.

The proposed dividend, higher than the mandatory minimum, was made possible by the strong cash generation of the company in 2020 and is in line with the commitment to generate value for shareholders. The payment will be made in Brazil on 29 April 2021 and shareholders will be entitled to this dividend as follows:

  1. The record date for owners of Petrobras shares traded on B3 will be 14 April 2021, and for holders of American Depositary Receipts (ADRs) traded on the New York Stock Exchange – NYSE will be 16 April 2021.
  2. Petrobras’ shares will be traded ex-dividends on B3 and NYSE as of 15 April 2021.

The value of this dividend will be adjusted by the Selic rate from 31 December 2020 until the payment date.

This dividend proposal will be sent to the endorsement of the General Shareholder´s Meeting to be held on 14 April.

Petrobras Dividend Policy can be accessed on the company’s website (http://www.investidorpetrobras.com.br/en).

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