Petróleo Brasileiro S.A. - Petrobras
PBREnergy · Stock · quarterly payer
Forward Yield
9.81%
Annual Dividend
$1.76
Payout Ratio
42%
5-Yr Growth
26.1%
Ex-Date
Jun 3, 2026
Frequency
Quarterly
Summary
As of July 2026, Petróleo Brasileiro S.A. - Petrobras (PBR) yields 9.81% ($1.76 per share annually), with a blended fair-value estimate of $23.01 — +28% upside, so it screens as undervalued. Dividend safety grade: C (60/100).
Is PBR a good dividend stock?
Yes, with caveatsPetróleo Brasileiro S.A. - Petrobras (PBR) pays a quarterly dividend yielding 9.81% ($1.76/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (42%)
- Strong 26.1% 5-yr dividend growth
- 66% total price return over 5 years
Risks
- Cut its dividend in 2025
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.81%
- Payout Ratio
- 42%
- Annual Dividend
- $1.76
- 5-Yr Avg Growth
- 26.1%
- Ex-Dividend Date
- Jun 3, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- -0.14
- Market Cap
- $115.8B
- P/E Ratio
- 5.7
- 5-Yr Total Return
- 66%
- 52-Week Range
- $11.43 – $22.24
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
PBR Price — Last 12 Months
Daily close
Price Return
1 Year
+45%
3 Years
+28%
5 Years
+66%
52-Week Range
$11.43 – $22.24
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PBR worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Petróleo Brasileiro S.A. - Petrobras is $23.01 per share, versus a market price of $17.97. That implies 28% of upside — a margin of safety of about 22%.
Fair Value
$23.01
Current Price
$17.97
Upside
+28%
Margin of Safety
22%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 4.6% annual free-cash-flow growth. We model -2.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), -2.3% stage-1 growth, 2.5% terminal growth, $3.14 EPS, $1.76 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PBR Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 3, 2026 | — | $0.1430 | regular |
| Apr 24, 2026 | — | $0.1240 | regular |
| Aug 25, 2025 | — | $0.2470 | regular |
| Jun 4, 2025 | — | $0.3230 | regular |
| Apr 22, 2025 | — | $0.2610 | regular |
| Dec 27, 2024 | — | $0.4630 | regular |
| Dec 13, 2024 | — | $0.5340 | regular |
| Aug 23, 2024 | — | $0.3860 | regular |
| Jun 13, 2024 | — | $0.3810 | regular |
| May 3, 2024 | — | $0.6740 | regular |
| Apr 26, 2024 | — | $0.4360 | regular |
| Nov 22, 2023 | — | $0.5480 | regular |
| Aug 22, 2023 | — | $0.4710 | regular |
| Jun 13, 2023 | — | $0.7630 | regular |
Income Calculator
At $1.76 / yr per share
