BP p.l.c. (NYSE:BP) to Issue Quarterly Dividend of $0.52

BP p.l.c. (NYSE:BP) declared a quarterly dividend on Friday, October 30th. Stockholders 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 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, November 13th.

BP has a 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 Down 0.1%

BP stock opened at $44.56 on Wednesday. The firm has a market cap of $116.74 billion, a PE ratio of 13.11, a P/E/G ratio of 0.34 and a beta of 0.16. BP has a 12 month low of $33.22 and a 12 month high of $51.49. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.29 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $46.32 and a 200 day simple moving average of $43.25.

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

BP Company Profile

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.