BP p.l.c. (BP) to Issue Quarterly Dividend of $0.50 on March 27th

BP p.l.c. (NYSE:BP) announced 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 dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, February 20th.

BP has decreased its dividend payment by an average of 0.1%per year over the last three years. BP has a payout ratio of 66.8% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

BP opened at $38.51 on Thursday. The firm has a market capitalization of $100.39 billion, a PE ratio of -3,847.15, a price-to-earnings-growth ratio of 2.06 and a beta of 0.33. 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 business’s 50-day moving average is $35.80 and its two-hundred day moving average is $35.07. BP has a 1 year low of $25.22 and a 1 year high of $39.51.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $47.38 billion during the quarter, compared to analyst estimates of $42.19 billion. BP had a net margin of 0.03% and a return on equity of 9.54%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. Research analysts anticipate that BP will post 3.53 earnings per share for the current fiscal 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.