Petrobras: Rating Downgrade and Dividend Cancellation Impact on Stock
Thursday, 14 March 2024, 02:47
Petrobras Stock Plunges 10% After Dividend Cancellation
Petrobras shares experienced a sharp decline of over 10% after the shock announcement that a $3.0 billion extraordinary dividend will not be paid.
Rating Downgrade to Hold
The sudden cancellation of the dividend has prompted a rating downgrade on PBR stock to Hold, causing significant concern among investors.
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