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.
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 industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
- It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
- BP shares have gained 23% this year but are still some 10% below pre-pandemic levels.
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The last dividend paid out to investors was $0.44 on December 19, 2023. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Over the past three years, the company’s dividend has not grown.
It’s the oil giant’s first payout cut in a decade.
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 https://bigbostrade.com/ 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.
Earn More With Dividend Stocks Than With Annuities for Your Retirement
The most recent change in the company’s dividend was an increase of $0.0396 on Tuesday, August 1, 2023. Add BP plc to receive free notifications when they declare their dividends. Gulf Coast liquefied natural gas (LNG) plant, also weighed on profits. © Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions. Global mining group Rio Tinto trended first as the company announced a bumper…
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BP rival Royal Dutch Shell (RDS.A) (RDS.B) slashed its dividend by 66% earlier this year. However, their U.S. peers ExxonMobil (XOM -1.95%) and Chevron (CVX -1.79%) are maintaining their dividends for the time being despite the pressure those payments are putting on their balance sheets. • A resilient dividend remains bp’s first priority within its disciplined financial frame. It is underpinned by a cash balance point of $40 per barrel Brent, $11 per barrel RMM and $3 per mmBtu Henry Hub (all 2021 real). You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
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.
BP Stock (NYSE:BP) Dividends: History, Yield and Dates
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.
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.
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.
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 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 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.
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. como invertir en forex 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.
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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.
