BP p.l.c. (NYSE:BP) Shareholders to Receive $0.52 Quarterly Dividend

BP p.l.c. (NYSE:BP) announced a quarterly dividend on Friday, October 30th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.5196 per share by the oil and gas exploration company on Friday, December 18th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, November 13th.

BP has a payout ratio of 69.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect BP to earn $6.35 per share next year, which means the company should continue to be able to cover its $2.05 annual dividend with an expected future payout ratio of 32.3%.

BP Stock Performance

BP stock opened at $44.56 on Wednesday. The firm has a market capitalization of $116.74 billion, a P/E ratio of 13.11, a PEG ratio of 0.34 and a beta of 0.16. The stock has a fifty day moving average price of $46.32 and a 200 day moving average price of $43.25. BP has a 52 week low of $33.22 and a 52 week high of $51.49. The company has a current ratio of 1.29, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62.

BP (NYSE:BP) last issued its quarterly earnings results on Friday, October 30th. The oil and gas exploration company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.60. The firm had revenue of $68.40 billion for the quarter, compared to analyst estimates of $63.14 billion. BP had a return on equity of 24.67% and a net margin of 3.74%. The firm’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Equities research analysts anticipate that BP will post 8.46 earnings per share for the current year.

About BP

BP p.l.c. is a global integrated energy company headquartered in London, United Kingdom. Its operations span the exploration, development and production of oil and natural gas, as well as the processing, refining, transportation and marketing of energy products. Through its businesses, BP supplies fuels for road transportation, aviation and marine use, along with lubricants marketed under the Castrol brand. The company also operates retail fuel and convenience locations and provides energy products and services to commercial and industrial customers.