Ibovespa Sets New High on Dividend Boost
2025-11-28 13:57
By
Isabela Couto
1 min. read
The Ibovespa edged up to trade above 158,500 on Friday, setting a fresh record as Vale and Itaú drove gains after announcing multi-billion-real dividends.
Itaú jumped more than 2% after approving R$23.4 billion in dividends and interest on equity.
Vale rose about 1.5% after approving payments of R$3.58 per share.
Other gainers included Bradesco (1%), Banco do Brasil (0.8%), Itaúsa (2.2%), and Rede D’Or (1.8%).
On the downside, Petrobras fell more than 3.5% after releasing its 2026–2030 investment plan, which is 1.8% smaller than last year’s proposal due to expectations of lower oil prices.
Optimism was also supported by Brazil’s unemployment rate hitting a historic low of 5.4%, slightly better than the 5.5% expected.