Energy

Petrobras board OKs $3.4B in extraordinary dividends, $111B five-year strategic plan


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Petrobras (NYSE:PBR) +3% in early trading Friday after announcing a payout of 20B reais (~$3.4B) in extraordinary dividends to shareholders, in a sign the Brazilian state-controlled oil company will continue returning cash to investors.

The company said in a securities filing that ~15.6B



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