Government considers resuming Petrobras’ dividend distribution model from the Lula-Dilma era

The government is considering resuming Petrobras’ dividend distribution model that was used during the Lula and Dilma Rousseff governments.

According to Petrobras sources told the CNN the subject has already been dealt with by the president of the state-owned company, Jean Paul Prates, with President Lula.

The idea under analysis is that the percentage of dividend distribution is equivalent to that used in previous PT governments, somewhere around 35% to 40% of the total. Today, virtually all profits are distributed.

Jean Paul himself is a longtime advocate of the idea. When he presided over the Parliamentary Front in Defense of Petrobras, he even signed a popular action in the Justice of Rio de Janeiro so that the percentage of distribution of dividends would be restricted to 25% of the company’s net profit.

The Single Federation of Petroleum Workers, a union linked to the PT and Jean Paul, has operated politically so that these percentages are resumed. The idea is that the new indices are already applied to the result of the first quarter of this year.

Source: CNN Brasil

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