Petrobras Pays 9.78% Dividend Yield on Record 2.7 Million Barrels Per Day
Petrobras distributed BRL 4.3386 per preferred share over the past twelve months, producing a dividend yield of 9.78% according to Status Invest, while its own oil output in Brazil hit a record 2.7 million barrels per day.
That production figure sits 15% above the second quarter of 2025. The volume growth fed directly into cash generation: operating cash flow reached BRL 61.8 billion in the second quarter of 2026, up 46% year on year, with adjusted Ebitda of BRL 93.8 billion.
Net profit for the quarter came in at BRL 52.4 billion, a 97% increase over the same period a year earlier.
The payout history behind that yield is not continuous. Petrobras made no distributions for the 2014 through 2017 financial years, according to the company's investor relations records. The current yield therefore reflects a distribution policy rebuilt after a multi-year gap rather than an uninterrupted track record.
The balance-sheet starting point was heavy debt and the Lava Jato investigations, which pushed the company into asset sales and cost cuts.
Preferred shares closed August 2016 at BRL 12.85. Against the current BRL 44.36, that is a nominal gain of roughly 245% over ten years, a calculation that counts only the share price and excludes dividends and interest on own capital paid over the period.
Over the past twelve months the stock has advanced 51.30%, per Status Invest data consulted on Friday the 21st. Within that window PETR4 traded between BRL 28.33 and BRL 49.34, and the shares are up 2.97% in August.
In 2026 the preferred shares have gained approximately 46%, from BRL 30.36 at the start of the year to BRL 44.36.
The stock's weight in the Ibovespa theoretical portfolio stands at 8.394%, making it one of the shares with the largest influence on the Brazilian exchange.
For global energy investors screening on cash returns, the combination matters more than the local index move. A near-double-digit yield funded by record volumes and a 46% rise in operating cash flow is a different proposition from a yield supported by asset disposals or balance-sheet gearing. The 97% profit expansion and BRL 93.8 billion Ebitda quarter provide the coverage behind the payout.
The caveat is duration. Four consecutive financial years without distributions, from 2014 to 2017, define the downside case for any investor treating the current yield as a permanent feature of the equity. Distributions of BRL 4.3386 per share over twelve months are a function of the production and cash-flow cycle now running, not a contractual floor.
The reporting on the ten-year record was published by Suno Noticias, in an article by Maira Telles dated 24/08/2026.