Best answer: Will BP reduce dividend?

Is BP going to cut its dividend?

The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to “reset” its dividend to 5.25 cents a share was “deeply rooted in strategy.” … “Yesterday we reset our dividend at five and a quarter cents per share per quarter.

Is BP paying a dividend in 2021?

BP p.l.c. (BP) will begin trading ex-dividend on August 12, 2021. A cash dividend payment of $0.323 per share is scheduled to be paid on September 24, 2021. Shareholders who purchased BP prior to the ex-dividend date are eligible for the cash dividend payment.

What happened to BP dividends?

Oil giant BP ups dividend and confirms share buybacks as it posts better-than-expected quarterly profit. … It also increased its dividend by 4% to 5.46 cents per share, having halved it to 5.25 cents per share in the second quarter of 2020.

Is BP a good stock to buy 2021?

BP plc BP has witnessed upward earnings estimate revisions for 2021 and 2022 in the past 30 days. The stock, sporting a Zacks Rank #1 (Strong Buy), is likely to see earnings growth of 293.5% this year.

How often does BP pay a dividend?

Dividend Summary

There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3.

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Why did BP cut their dividend?

BP has halved its shareholder dividend and posted a $6.7bn quarterly loss after the coronavirus pandemic hit global demand for oil. … The loss was largely due to BP writing down the value of its assets after it cut its oil price forecasts. BP said the outlook for oil prices and demand was “challenging and uncertain”.

How much dividends do BP pay?

BP Plc (BP.) Ordinary US$0.25

Type Amount Payment date
Total $0.41
Q4 10.50¢ 27/03/2020
Q3 10.25¢ 20/12/2019
Q2 10.25¢ 20/09/2019

How many times has BP stock split?

Stock Split History. BP. (BP.) has 0 splits in our BP. stock split history database.