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Brazil: Petrobras admits possible revision of dividend policy

By Sérgio Lima

Petrobras admitted a possible change in the dividend distribution policy in a document sent to the SEC, the US Securities and Exchange Commission, on Wednesday (29 March).

According to the state-owned company, changes in the composition of its Board of Directors and Executive Board may result in "changes or termination" of the dividend policy.

It also says that the collegiate may change or terminate the policy at anytime.

Petrobras also says that there is a possibility that the changes in the policy could lead to the "payment of less or no dividend in the future . . .

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