Petrobras approves dividend payment based on the 2019´s result

Petrobras approves dividend payment based on the 2019´s result

Rio, 02/20/2020 – Petrobras informs that its Board of Directors, at a meeting held yesterday, approved remuneration to shareholders in the form of dividends in the amount of R $ 1.7 billion for common shares (R $ 0.233649 per share) and R $ 2.5 million for preferred shares (R $ 0.000449 per share) in circulation, based on the annual result for 2019. All amounts will be updated by the variation of the Selic rate of December 31, 2019 until the payment date.

The payment of said dividend will be made on May 20, 2020 and shareholders will be entitled to remuneration, as follows:
1. The cut-off date for holders of Petrobras shares traded on B3 will be April 22, 2020 and the record date for holders of American Depositary Receipts (ADRs) traded on the New York Stock Exchange – NYSE will be the April 24, 2020.

2. Petrobras shares will be traded ex-rights on B3 and NYSE as of April 23, 2020.

Accordingly, according to the company, the total amount distributed to shareholders for the year 2019 will be R $ 10.6 billion, equivalent to R $ 0.73 per common share and R $ 0.92 per outstanding preferred share. This proposal for shareholder compensation, which will be sent to the General Shareholders’ Meeting for resolution on April 22, considers that the company will meet the minimum required by law and its bylaws, in line with its financial management and the reduction target of debt.