BP p.l.c. (BP) to Issue Quarterly Dividend of $0.50 on June 26th

BP p.l.c. (NYSE:BP) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.4992 per share by the oil and gas exploration company on Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 15th.

BP has raised its dividend payment by an average of 0.0%per year over the last three years. BP has a dividend payout ratio of 66.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BP to earn $4.07 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 48.4%.

BP Stock Up 0.9%

Shares of NYSE:BP opened at $46.77 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.26 and a quick ratio of 0.98. The firm has a market capitalization of $122.48 billion, a PE ratio of -4,672.23, a price-to-earnings-growth ratio of 0.59 and a beta of 0.21. The firm’s 50-day moving average is $43.78 and its two-hundred day moving average is $38.54. BP has a 1 year low of $27.20 and a 1 year high of $48.27.

BP (NYSE:BP) last issued its quarterly earnings results on Tuesday, April 28th. The oil and gas exploration company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.33. The company had revenue of $52.26 billion for the quarter, compared to analyst estimates of $48.43 billion. BP had a net margin of 0.03% and a return on equity of 9.68%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Analysts predict that BP will post 5 EPS 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.