ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. The company also increased its share repurchases plan for the current quarter to $3.5 billion after it bought $4.1 billion in the first half of the year. BP plans to maintain its overall capital expenditure this year in a range of $14 billion to $15 billion. Dividend yield among US equities is down, but much higher dividend yields can… See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money.
The company has allocated money to cover for the extra costs of LNG supply as a result of the Freeport outage, he said. Its underlying replacement cost profit, its definition of net earnings, reached $8.45 billion in the second quarter, the highest since 2008 and far exceeding analysts’ expectations of $6.8 billion. “We will direct more investment towards hydrocarbons market makers forex to help with energy security in the near term,” Looney said. “We’ll probably direct about a half a billion dollars for hydrocarbons.” 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%. BP shares have gained 23% this year but are still some 10% below pre-pandemic levels.
- The last dividend paid out to investors was $0.44 on December 19, 2023.
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- BP plans to maintain its overall capital expenditure this year in a range of $14 billion to $15 billion.
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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.
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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.
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 plc BP.
The dividend is paid every three months and the last ex-dividend date was Nov 9, 2023. It started it’s major expansion into a truly global player with the acquisitions of US concerns Amoco and Atlantic Richfield. More geared to oil production and exploration than its main rivals. BP formally had a highly progressive dividend policy, but this was affected badly by the gulf of Mexico oil spill.
BP Dividend Yield Over Time
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.
• 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.
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. https://bigbostrade.com/ 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 $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.
There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.
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.
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.
The energy giant slashed its quarterly payout by 50%, which will halve its yield from its prior level of 10.7%. It was the company’s first payout reduction since just after the Deepwater Horizon disaster in 2010, when it halted its dividend for several quarters. BP brings the second quarter profit tally for the top Western oil and gas companies to $59 billion after rivals including Exxon Mobil and Shell reported record earnings last week. Schedule monthly income from dividend stocks with a monthly payment frequency. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
