For shareholders of Petrobras, ticker symbol PBR and PBR.A for the preferred shares, there is a lot to look forward to.
For one, the preferred shares paid a dividend per ADR of .77 per share in 2014, and more of the same is what I expect for 2015. I am long shares of Petrobras and think the dividend yield and low stock price represents a good buying opportunity.
The company is earning good money per share and once the Brazilian economy rebounds and the corruption scandal clears, the shares should sail higher.
It is tough to find a bottom here, as the stock price continues to decline. I believe patient shareholders will be rewarded.
For one, the preferred shares paid a dividend per ADR of .77 per share in 2014, and more of the same is what I expect for 2015. I am long shares of Petrobras and think the dividend yield and low stock price represents a good buying opportunity.
The company is earning good money per share and once the Brazilian economy rebounds and the corruption scandal clears, the shares should sail higher.
It is tough to find a bottom here, as the stock price continues to decline. I believe patient shareholders will be rewarded.
No comments:
Post a Comment