Petrobras: State-Owned Company Becomes The World's Largest Dividend Payer, According To Janus Henderson

Petrobras: State-Owned Company Becomes The World’s Largest Dividend Payer, According To Janus Henderson

Written by Roberta Souza

Published on 24/08/2022 at 16:24

Foto: reprodução www.agenciapetrobras.com.br

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According to Janus Henderson, Petrobras distributed US$ 9.7 billion in dividends only in the second quarter of 2022, making it the largest paying company in the world

After distributing US$ 9.7 billion in dividends, Petrobras (PETR3;PETR4) earned the title of largest dividend-paying company in the world in the second quarter of this year, surpassing companies like Nestlé, Rio Tinto, China Mobile, Ecopetrol, and Microsoft. In the same period of 2021, the Brazilian state-owned company had paid US$ 1 billion to its shareholders.

The information on Petrobras’ dividends comes from the 35th edition of the Global Dividend Index by Janus Henderson, first revealed by the site InfoMoney. The database analyzes the 1,200 largest companies in the world by market capitalization quarterly, which represent 90% of dividends paid worldwide. The British manager has around US$ 300 billion in assets under management.

Petrobras is the only Brazilian company to appear in the list of the 10 largest dividend-paying companies. The mining company Vale (VALE3), which was in ninth place last quarter, lost its spot at the top of the ranking.

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This is the first time Petrobras has been highlighted, and according to Janus Henderson, the company is expected to integrate the list of the largest payers in the world in 2022, to be released at the beginning of 2023.

The 10 Largest Dividend-Paying Companies in the World

According to data from Janus Henderson, the companies that pay the most dividends are:

Petrobras (PETR4;PETR3)

Nestlé

Rio Tinto (RIOT34)

China Mobile Limited (C1HL34)

Mercedes – Benz

BNP Paribas

Ecopetrol (E1CO34)

Allianz

Microsoft Corporation (MSFT34)

Sanofi

Subtotal (US$ billion): US$ 61.7

According to the research, global dividends hit a record in the second quarter of 2022, totaling US$ 544.8 billion. In nominal terms, the increase was 11.3%. In underlying terms (adjusted for currency effects and non-recurring dividends), the increase was 19.1%.

Janus Henderson also highlighted that 94% of the companies considered in the index raised their dividends or kept them stable during the period. Additionally, global dividends managed to surpass pre-Covid-19 pandemic levels and are now only 2.3% below the long-term trend.

Petrobras and other Brazilian companies helped drive the new record in global dividend payments, according to the manager. Brazilian dividends totaled US$ 10.4 billion in the second quarter of 2022, the highest value in the series that began in 2009, compared to US$ 4.2 billion recorded in the second quarter of last year.

Besides Petrobras, companies like JBS (which distributed US$ 465 million in the second quarter, according to Janus Henderson) and Bradesco (with payments of US$ 219 million) also appear in the Global Dividend Index.

Dividends from Emerging Markets

Dividends from emerging markets increased by 22.7% in the second quarter on a nominal basis (22.5% on an underlying basis), driven by oil producers, particularly Petrobras and Ecopetrol.

According to Janus Henderson, the rise in oil prices alone led to an increase in global dividends of US$ 14 billion, half of which came from Petrobras.

Oil producers contributed to the dividend market with more than two-fifths of the growth in global dividends in the second quarter of 2022. “When the commodity cycle begins to turn again, we may once again see dividends from emerging markets lagging behind other regions,” emphasizes the Janus Henderson manager.

Petrobras: State-Owned Company Becomes The World’s Largest Dividend Payer, According To Janus Henderson

According to Janus Henderson, Petrobras distributed US$ 9.7 billion in dividends only in the second quarter of 2022, making it the largest paying company in the world

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The 10 Largest Dividend-Paying Companies in the World

Dividends from Emerging Markets

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Petrobras: State-Owned Company Becomes The World’s Largest Dividend Payer, According To Janus Henderson

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