The Brazilian oil (petroleum) company has decided to retain the dividends, evaluated in 43,9 billion reais, around 10 billion US dollars, promising to pay it in the future.
This has dropped the capitalization value of the oil company and this have worsened with the declarations of the current president of Brazil that the investors are greedy as a hungry dinosaur and the company must worry about the Brazilian people and not with the the investors.
Conselho pode distribuir dividendos da Petrobras “em momento oportuno” | Agência Brasil (ebc.com.br)