Petrobras (PBR) announces a 7.5% average increase in gasoline prices starting Wednesday, with the new price being 3.31 reais ($0.6391)
Energy stocks can be a great place in the market to find dividends that you can hold forever. Energy companies are often less speculative than growth stocks, and are built to generate consistent returns on investments over time. Here a look at why I love Kinder Morgan (NYSE: KMI) and TotalEnergies (NYSE: TTE) and their 5.9% and 4.6% respective dividends -- and why Petrobras (NYSE: PBR) doesn't have a sustainable dividend to bet on.
Petrobras (PBR) closed at $11.46 in the latest trading session, marking a +0.97% move from the prior day.