Did BP reduce dividend?
BP has halved its shareholder dividend and posted a $6.7bn quarterly loss after the coronavirus pandemic hit global demand for oil. The dividend news is another blow for pension funds and private investors who have seen a string of firms cut or halt payouts.
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 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.
Is BP paying a dividend in September 2020?
The next BP plc dividend is expected to go ex in 12 days and to be paid in 2 months.
|Summary||Previous dividend||Next dividend|
|Per share||3.953p (5.46c)||Sign Up Required|
|Declaration date||22 Dec 2020 (Tue)||–|
|Ex-div date||12 Aug 2021 (Thu)||11 Nov 2021 (Thu)|
|Pay date||24 Sep 2021 (Fri)||17 Dec 2021 (Fri)|
How much did BP cut its dividend?
The major surprise came earlier in the year when BP stuck to its dividend in the first quarter, while rival Royal Dutch Shell (RDS. A) cut shareholder payouts for the first time since World War II. For U.S. holders of BP’s ADR, the dividend was cut to 31.5 cents per share per quarter, down from 63 cents.
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.
BP is following its rivals by increasing shareholder returns in an effort to lure back investors who are becoming increasingly wary about the future of fossil fuels in a changing climate.
How often does BP pay a dividend?
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3.
Is BP a dividend stock?
Although it has paid a quarterly dividend for many years, usually in February, May, August, and November, BP is known for cutting dividends just when investors need them the most, including in November 1995, November 1998, February 2011, and August 2020 (Fig. 1).