BP p.l.c. (NYSE:BP) Declares Quarterly Dividend of $0.52

BP p.l.c. (NYSE:BP) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.5196 per share by the oil and gas exploration company on Friday, September 18th. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a 4.1% increase from BP’s previous quarterly dividend of $0.50.

BP has raised its dividend by an average of 0.0%per year over the last three years. BP has a payout ratio of 66.8% indicating that its dividend is sufficiently covered by earnings. 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 Performance

BP stock opened at $42.85 on Wednesday. BP has a one year low of $32.72 and a one year high of $48.27. The firm has a market cap of $112.24 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 0.74 and a beta of 0.16. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.87 and a current ratio of 1.22. The firm has a 50-day simple moving average of $41.08 and a two-hundred day simple moving average of $41.80.

BP (NYSE:BP) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas exploration company reported $2.22 EPS for the quarter, topping the consensus estimate of $1.87 by $0.35. The firm had revenue of $69.11 billion during the quarter, compared to analyst estimates of $57.89 billion. BP had a net margin of 1.62% and a return on equity of 12.06%. BP’s revenue was up 106.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 EPS. On average, equities analysts forecast that BP will post 5.76 EPS for the current fiscal year.

BP Company Profile

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.