Summary by Moomoo AI
Petroleo Brasileiro SA Petrobras (PBR), commonly known as Petrobras, has declared an Extraordinary Cash Dividend of $0.6811062 per American Depositary Share, to be distributed in two equal installments. Shareholders on record as of May 6, 2024, will receive the dividend payments on May 28, 2024, and June 27, 2024. The ex-distribution date is set for May 3, 2024, which is also the effective date for options contract adjustments. The adjustments include a change in option symbols from PBR to PBR1 and from 1PBR to 1PBR1, with the new multiplier set at 100. The deliverable per contract will consist of 100 Petrobras American Depositary Shares and approximately $68.11 in cash. The final net cash dividend amount will determine the underlying price for PBR1, which is preliminarily set as PBR + 0.6811. Settlement of the cash portion will be delayed by the Options Clearing Corporation (OCC) until the exact amount is determined.
