Petroleo Brasileiro SA Petrobras Stock To Go Ex-dividend Tomorrow (PBR.A)

NEW YORK ( TheStreet) -- The ex-dividend date for Petroleo Brasileiro SA Petrobras (NYSE: PBR.A) is tomorrow, March 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $26.67 as of 9:30 a.m. ET, the dividend yield is 1%.

The average volume for Petroleo Brasileiro SA Petrobras has been 6.6 million shares per day over the past 30 days. Petroleo Brasileiro SA Petrobras has a market cap of $189.67 billion and is part of the basic materials sector and energy industry. Shares are up 15.4% year to date as of the close of trading on Friday.

Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. The company has a P/E ratio of 7.1, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Petroleo Brasileiro SA Petrobras Ratings Report.

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