BP p.l.c. (BP) To Go Ex-Dividend on November 14th

BP p.l.c. (NYSE:BP) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Friday, November 14th will be given a dividend of 0.4992 per share by the oil and gas exploration company on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Friday, November 14th. This is a 1.0% increase from BP’s previous quarterly dividend of $0.49.

BP has decreased its dividend payment by an average of 0.1%annually over the last three years. BP has a dividend payout ratio of 66.8% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 1.6%

Shares of BP stock opened at $35.68 on Thursday. BP has a 12-month low of $25.22 and a 12-month high of $36.13. The company has a quick ratio of 0.92, a current ratio of 1.21 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $34.44 and a two-hundred day moving average price of $32.22. The firm has a market cap of $93.84 billion, a P/E ratio of 169.91, a price-to-earnings-growth ratio of 1.98 and a beta of 0.54.

BP (NYSE:BP) last posted its quarterly earnings results on Tuesday, November 4th. The oil and gas exploration company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.72 by $0.13. The firm had revenue of $48.42 billion for the quarter, compared to the consensus estimate of $43.76 billion. BP had a net margin of 0.29% and a return on equity of 9.08%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities analysts anticipate that BP will post 3.53 EPS for the current fiscal year.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.