Send us Feedback

Petrobras (PBR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBR » Topics » Distribution of Interest on Own Capital and Dividends

This excerpt taken from the PBR 6-K filed Feb 21, 2006.

Distribution of Interest on Own Capital and Dividends

(Rio de Janeiro, February 17, 2006) - PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces to its shareholders and the market in general that its Board of Directors, meeting today, approved and will propose to the General Shareholders Meeting, to be held on April 03 2006, the payment to shareholders of R$ 7.018 million, equivalent to R$ 1,60 per share in the form of interest on own capital and dividends, related to the Income of FY 2005.

The proposed interest on own capital and dividends are broken-down as shown below:

    Value per Share
ON and PN 		   Value 
R$ Million 
DIVIDENDS TO BE DELIBERATED AT THE GENERAL ORDINARY MEETING     
 
   Interest on Own Capital - Approved by the Board of Directors on 06.17.2005 -         
Paid on 01.05.2006, on the shareholder position of 06.30.2005    0,50                   2.193 
Interest on Own Capital - Approved by the Board of Directors 12.16.2005, to be         
held up to 03.31.2006, on the shareholder position of 12.31.2005    0,50                   2.193 
 
   Interest on Own Capital - Proposed by the Board of Directors 02.17.2006 -The         
payment date will be established at the General Ordinary Meeting to be held on         
04.03.2006, on the shareholder position of the same date    0,25                   1.097 
 
   Dividends - Proposed by the Board of Directors on 02.17.2005 - The payment         
date will be determined at the General Ordinary Meeting to be held 04.03.2006,         
on the shareholder position of the same date    0,35                   1.535 
 
     
TOTAL DIVIDENDS    1,60                   7.018 
     

This amount is equivalent to 31.78% of the adjusted profit for dividend purposes. In 2004, this percentage was 29.88%.

The interest on own capital and dividends still to be disbursed are subject to monetary correction from December 31, 2005 through the effective payment date, in accordance with SELIC rate.

The gross value of R$ 1.60 of interest on own capital and dividends per common and preferred shares corresponds to R$ 6.40 per share before the effect of the September 2005 stock split.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki