BP p.l.c. (BP) to Issue Quarterly Dividend of $0.52 on December 18th

BP p.l.c. (NYSE:BP) declared a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be given 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 yield of 4.6%. The ex-dividend date of this dividend is Friday, November 13th.

BP has a dividend payout ratio of 69.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Up 1.0%

Shares of NYSE:BP opened at $45.04 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.29. BP has a 52-week low of $33.22 and a 52-week high of $51.49. The business’s 50 day simple moving average is $46.32 and its two-hundred day simple moving average is $43.25. The firm has a market cap of $118.00 billion, a P/E ratio of 13.20, a PEG ratio of 0.34 and a beta of 0.16.

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