Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. The other part of this strategy involves changing the company’s financial framework. BP plans to deleverage its balance sheet to maintain https://bigbostrade.com/ a strong, investment-grade credit rating. It also intends to support a resilient dividend at the reset level while returning additional cash to shareholders via share buybacks. • bp is committed to maintaining a strong investment grade credit rating, targeting further progress within an ‘A’ grade credit rating.
- BP shares were up 4.3% by 1315 GMT, hitting their highest levels since June and strongly outperforming the European energy index which was up 0.7%.
- Build conviction from in-depth coverage of the best dividend stocks.
- A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
- Overall, BP plans to return 60% of its surplus cash to shareholders via the dividend and share repurchases once it brings its debts down to the targeted level of $35 billion.
Dividend decisions can be influenced by what other companies in the same industry are doing. BP’s dividend yield is higher than the average dividend yield of its peers. BP p.l.c. has an annual dividend of $1.74 per share, with a forward yield of 4.97%.
• Capital expenditure in the fourth quarter and full year was $7.4 billion and $16.3 billion respectively. With a potentially long runway ahead, energy stocks could still represent positive value… See Best Dividend Stocks Model Portfolio for our top income & growth blend ideas.
Energy Stocks Could Rally Further
The dividend schedule below includes dividend amounts, payment dates and ex-dividend dates for BP. BP issues dividends to shareholders from excess cash the company generates. Most companies pay dividends on a quarterly basis, but dividends may also be paid monthly, annually or at irregular intervals.
BP Dividend Growth CAGR
These returns cover a period from January 1, 1988 through January 1, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
BP Dividend Payments
Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. BP (BP -2.20%) became the latest petroleum sector company to reduce its dividend in light of this year’s deep oil market downturn.
BP plc – ADR
The $2.5 billion share buyback programme announced with the third quarter results was completed on 3 February 2023. Build conviction from in-depth coverage of the best dividend stocks. BP’s most recent quarterly dividend payment of $0.4362 per share was made to shareholders on Tuesday, December 19, 2023. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
This caused the company to suspend it’s dividend for three quarters. BP increased its dividend by 10% to 6.006 cents per share, more than its previous guidance of a 4% annual increase. It halved its dividend to 5.25 cents in July 2020 for the first time in a decade in the wake of the pandemic. • During the fourth quarter, bp completed share buybacks of $3.2 billion.
The strong performance was driven by strong refining margins, “exceptional” oil trading performance as well as higher fuel prices, although gas trading was weaker, BP said. This trading strategy invovles purchasing a stock just before the ex-dividend date in order to collect the dividend and then selling after the stock price has recovered. The next BP plc dividend is expected to go ex in 14 days and to be paid in 2 months. The previous BP plc dividend was 5.7367p and it went ex 3 months ago and it was paid 1 month ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3. Discover dividend stocks matching your investment objectives with our advanced screening tools.
For 2023 bp intends to allocate 40% of surplus cash flow to further strengthening the balance sheet. • For the fourth quarter, bp has announced a dividend per ordinary share of 6.610 cents an increase of around 10%. This increase is underpinned by strong underlying performance and supported by the confidence they have in delivering higher adjusted EBITDA as a result of updated investment plans. • In the fourth quarter, bp generated surplus cash flow of $5.1 billion and intends to execute a $2.75 billion share buyback from surplus cash flow prior to announcing its first-quarter-2023 results. Bp has now announced share buybacks from surplus cash flow equivalent to 60% of cumulative surplus cash flow since the start of 2021.
Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. Overall, BP plans to return 60% of its commodity trading strategy surplus cash to shareholders via the dividend and share repurchases once it brings its debts down to the targeted level of $35 billion. The company had $40.9 billion of debt outstanding at the end of the second quarter.
The 5-year average annualized dividend growth rate of BP is -6.49%. Based on the trailing twelve months, the year-over-year dividend growth rate is 21.05%. • For 2023 and subject to maintaining a strong investment grade credit rating, bp remains committed to using 60% of surplus cash flow for share buybacks. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.18% per year.
See Best High Dividend Stocks Model Portfolio for our top maximize income ideas. Learn from industry thought leaders and expert market participants. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend.
See Best Dividend Protection Stocks Model Portfolio for our top retirement income ideas. Learn more about planning and maintaining a happy, financially secure retirement. Customized to investor preferences for risk tolerance and income vs returns mix. The last reported dividend for BP (BP) was $0.44 and was paid out on December 19, 2023. The last dividend payout was on December 19, 2023 and was $0.44.