Petrobras boosts dividends as Brazil’s cash cow beats estimates

Lofty oil prices and robust sales delivered Petrobras another quarter of blockbuster results, which President Jair Bolsonaro has previously bashed as he contends with costly fuel ahead of presidential elections in October.

The board of the Rio de Janeiro-based company approved dividends of 6.732 reais a share Thursday, or 87.8 billion…