BP p.l.c. Announces Quarterly Dividend of $0.50 (NYSE:BP)

BP p.l.c. (NYSE:BP) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.4992 per share by the oil and gas exploration company on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, February 20th.

BP has decreased its dividend payment by an average of 0.1%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 $4.10 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 48.0%.

BP Price Performance

Shares of BP stock traded up $1.48 during midday trading on Wednesday, reaching $38.45. 9,216,560 shares of the company traded hands, compared to its average volume of 9,998,062. The firm’s 50 day simple moving average is $35.78 and its two-hundred day simple moving average is $35.05. The firm has a market cap of $100.22 billion, a PE ratio of 66.31, a price-to-earnings-growth ratio of 2.18 and a beta of 0.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.19 and a quick ratio of 0.89. BP has a 1-year low of $25.22 and a 1-year high of $39.51.

BP (NYSE:BP) last released its quarterly earnings results on Tuesday, February 10th. The oil and gas exploration company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $47.38 billion for the quarter, compared to analysts’ expectations of $42.19 billion. BP had a return on equity of 9.07% and a net margin of 0.79%.The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. On average, equities research analysts expect that BP will post 3.53 EPS for the current fiscal year.

About BP

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.