$PBR delivered on its promise to pay out as much dividends as possible, announcing a R$48bn payout, or a yield of 12% based on the last closing price. Even though operating is doing great, the lack of visibility about its policy is concerning. Out of this one...

President Bolsonaro just fired the CEO he appointed after he refused NOT follow $PBR bylaws. More recently, he mentioned that $PBR profit was a rape against the Brazilian ppl, though the government just received R$24bn (US$5bn) in dividends from the company.