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Petro Rio S.A., together with its subsidiaries, engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally. It holds a 100% interest in the Polvo Field covering approximately 134 square kilometres located in the southern portion of the Campos Basin, Rio de Janeiro; and the Frade Field that consists of approximately 154 kilometres located in the northern region of the Campos Basin, Rio de Janeiro. The company also holds interest in the Manati Field that comprises approximately 76 square kilometres located in the Camumu Basin, on the coast of the State of Bahia. In addition, it imports, exports, refines, sells, and distributes oil, natural gas, fuels, and oil by-products; engages in the generation, sale, and distribution of electric power, as well as holds interests in other companies. The company was formerly known as HRT Participações em Petróleo S.A. and changed its name to Petro Rio S.A. in June 2015. Petro Rio S.A. was incorporated in 2009 and is headquartered in Rio de Janeiro, Brazil.

Petro Rio Dividend Announcement

• Petro Rio announced a annually dividend of $0.01 per ordinary share which will be made payable on 2024-01-09. Ex dividend date: 2023-12-20
• Petro Rio's trailing twelve-month (TTM) dividend yield is 0.23%
• Petro Rio's payout ratio for the trailing twelve months (TTM) is 1.24%

Petro Rio Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-12-20$0.01annually2024-01-09

Petro Rio Dividend per year

Petro Rio Dividend Yield

Petro Rio current trailing twelve-month (TTM) dividend yield is 0.23%. Interested in purchasing Petro Rio stock? Use our calculator to estimate your expected dividend yield:

Petro Rio Financial Ratios

P/E ratio6.76
PEG ratio0.01
P/B ratio1.82
ROE30.05%
Payout ratio1.24%
Current ratio5.01
Quick ratio4.71
Cash Ratio3.42

Petro Rio Dividend FAQ

Does Petro Rio stock pay dividends?
Petro Rio does not currently pay dividends to its shareholders.
Has Petro Rio ever paid a dividend?
No, Petro Rio has no a history of paying dividends to its shareholders. Petro Rio is not known for its dividend payments.
Why doesn't Petro Rio pay dividends?
There are several potential reasons why Petro Rio would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Petro Rio ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Petro Rio has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Petro Rio a dividend aristocrat?
Petro Rio is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Petro Rio a dividend king?
Petro Rio is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Petro Rio a dividend stock?
No, Petro Rio is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Petro Rio stocks?
To buy Petro Rio you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Petro Rio stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.