Petrobras Tops Dividend Returns This Year: Discover the Top 10 Companies

Petrobras has emerged as the leading company in Brazil for dividend returns this year. The dividend yield (DY) is calculated by comparing the dividends paid to shareholders against the stock price.

For Petrobras, its preferred shares boast an impressive DY of 12.43% from January to September. Meanwhile, its ordinary shares follow closely with a yield of 11.80%.

Cemig’s preferred shares come next, offering a DY of 10.31%. The following companies round out the top ten in dividend returns:

1. Petrobras ON (PETR4): 12.43%
2. Petrobras ON (PETR3): 11.80%
3. Cemig PN (CMIG4): 10.31%
4. CPFL ON (CPFE3): 7.88%
5. Taesa units (TAEE11): 7.85%
6. Vale ON (VALE3): 7.81%
7. BB Seguridade ON (BBSE3): 7.44%
8. PetroRecôncavo ON (RECV3): 7.14%
9. Banco do Brasil ON (BBAS3): 6.85%
10. Usiminas PNA (USIM5): 6.57%

Insights on Stock Selection

Investors should not rely solely on dividend yield when selecting stocks, according to Filipe Ferreira, director at Comdinheiro, a financial information platform.

In addition, he emphasizes the importance of considering inflation, sector crises, and the company’s investor remuneration policies.

Ferreira advises investors to adopt a broader perspective by assessing the macroeconomic conditions affecting the company, long-term trends, and overall performance.

Recent reports indicate that dividend payments in 2024 have already matched last year’s total, defying earlier pessimistic forecasts from late 2023.

By September, Brazilian companies had distributed R$ 222.18 billion ($39 billion) in dividends, interest on equity, and other shareholder compensations, surpassing the R$ 171.8 billion ($30.68) allocated during the same timeframe last year.

In total, Brazilian firms returned R$ 224.2 billion ($40 billion) to shareholders in all of 2023. Petrobras stands out as the Brazilian company with the highest dividend yield this year.

Both its preferred and ordinary shares lead in percentage returns among stocks, as highlighted by Comdinheiro’s exclusive analysis for Valor.

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