Petrobras Pledges $1.6B Dividend Payout Despite Surprise Q4 Loss (PBR:NYSE)

Petrobras (NYSE:PBR) -4.6% post-market Wednesday after saying it plans to distribute 9.1B reais (~$1.6B) in ordinary dividends despite posting an unexpected Q4 loss due to non-recurring events including the accounting impact of a sharp devaluation of the Brazilian currency.

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Petrobras pledges $1.6B dividend payout despite surprise Q4 loss (PBR:NYSE)

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