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Petrobras: State-owned reached the title of largest dividend-paying company in the world, according to Janus Henderson

Written by Roberta Souza
Published 24/08/2022 às 16:24
Photo: reproduction www.agenciapetrobras.com.br

According to Janus Henderson, Petrobras distributed US$ 9,7 billion in dividends in the second quarter of 2022 alone, which made it the largest paying company in the world

After distributing US$ 9,7 billion in dividends, the Petrobras (PETR3;PETR4) became the world's largest dividend paying company in the second quarter of this year, surpassing companies such as Nestlé, Rio Tinto, China Mobile, Ecopetrol and Microsoft. In the same period of 2021, the Brazilian state-owned company had transferred US$ 1 billion to its shareholders.

The information on Petrobras' dividends is from the 35th edition of the Global Dividend Index by manager Janus Henderson, exposed firsthand by the InfoMoney website. The database quarterly analyzes the world's 1.200 largest companies by market capitalization, 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 on the list of the 10 largest dividend paying companies. the mining company OK (VALE3), which in the last quarter was in ninth position, lost its place at the top of the ranking.

This is the first time that Petrobras appears among the highlights and, according to Janus Henderson, the company will certainly be part of the list of the biggest payers in the world in 2022, to be released in early 2023.

Top 10 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 ($ billion): $61,7

According to the survey, global dividends had a record in the second quarter of 2022, adding up to US$ 544,8 billion. In nominal terms, the increase was 11,3%. In underlying terms (with adjustments due to the exchange rate effect and non-recurring dividends), the increase was 19,1%.

Janus Henderson also pointed out that 94% of the most disruptive considered in the index raised their dividends or kept them stable in the period. Furthermore, world 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 boost the new record in global dividend payments, points out the manager. Brazilian earnings totaled US$ 10,4 billion in the second quarter of 2022, the highest value in the series that began in 2009, against US$ 4,2 billion in the second quarter of last year.

In addition to Petrobras, companies such as 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

Emerging market dividends increased 22,7% in the second quarter on a nominal basis (22,5% on an underlying basis), driven by oil producers, notably Petrobras and Ecopetrol.

According to Janus Henderson, the increase in oil prices alone led to an increase in world 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 year 2022 QXNUMX global dividend growth. behind other regions”, emphasizes manager Janus Henderson.

Roberta Souza

Petroleum Engineer, postgraduate in Commissioning of Industrial Units, specialist in Industrial Corrosion. Get in touch to suggest an agenda, advertise job vacancies or advertise on our portal. We do not receive resumes

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