BP p.l.c. (NYSE:BP) Plans Quarterly Dividend of $0.50

BP p.l.c. (NYSE:BP) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be paid a dividend of 0.4992 per share by the oil and gas exploration company on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, February 20th.

BP has decreased its dividend by an average of 0.1%annually over the last three years. BP has a payout ratio of 66.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BP to earn $4.10 per share next year, which means the company should continue to be able to cover its $1.97 annual dividend with an expected future payout ratio of 48.0%.

BP Stock Performance

BP stock traded up $1.53 during trading hours on Wednesday, hitting $38.50. The company had a trading volume of 10,819,946 shares, compared to its average volume of 10,052,265. The firm has a 50-day moving average of $35.78 and a 200 day moving average of $35.05. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.19 and a quick ratio of 0.89. The firm has a market cap of $100.37 billion, a PE ratio of 66.39, a PEG ratio of 2.18 and a beta of 0.33. BP has a one year low of $25.22 and a one year high of $39.51.

BP (NYSE:BP) last announced its earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $47.38 billion for the quarter, compared to analyst estimates of $42.19 billion. BP had a return on equity of 9.07% and a net margin of 0.79%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, sell-side analysts expect that BP will post 3.53 earnings per share for the current year.

About BP

BP plc is a British multinational integrated energy company headquartered in London. Originating in the early 20th century as the Anglo-Persian Oil Company, BP has grown into one of the world’s largest oil and gas companies, operating across exploration and production, refining and marketing, trading, and a range of low-carbon businesses.

The company’s core activities include upstream exploration and production of crude oil and natural gas, midstream and trading operations, and downstream refining, marketing and supply of fuels, lubricants and petrochemicals.