BP p l.c. BP Dividend History, Dates & Yield

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ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Dividend yield among US equities is down, but much higher dividend yields can… With a potentially long runway ahead, energy stocks could still represent positive value…

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. See Best Dividend Stocks Model Portfolio for our top income & growth blend ideas. ETFs and funds that prioritize investments based on environmental, social and governance responsibility. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend. Customized to investor preferences for risk tolerance and income vs returns mix.

Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation https://traderoom.info/ to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis.

BP increased its dividend by 10% to 6.006 cents per share, more than its previous guidance of a 4% annual increase. It halved its dividend to 5.25 cents tickmill review in July 2020 for the first time in a decade in the wake of the pandemic. Build conviction from in-depth coverage of the best dividend stocks.

  1. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3.
  2. If you own Chevron, there’s really no reason why you should sell it to buy another integrated energy major unless you feel strongly about the environmental issue.
  3. BP’s shares traded at 466p on Monday, valuing the company at £79bn.
  4. Looney was ousted as chief executive in September after admitting he failed to fully inform the BP board about relationships with colleagues.

They produce oil and natural gas, transport it, process it, and sell it. This means their businesses span from the upstream (drilling) through the midstream (pipelines) and all the way to the downstream (chemical and refining). The key to this approach is that different segments of the energy sector perform differently at different times, which helps to soften the industry’s natural peaks and valleys. For example, downstream businesses can benefit from low oil prices, which are a cost center for this segment of the industry. The company’s 3-year EPS growth rate showcases its capability to grow its earnings, a critical component for sustaining dividends in the long run. During the past three years, Blackstone Inc’s earnings increased by approximately -8.00% per year on average, a rate that underperforms than approximately 67.9% of global competitors.

BP (BP) Dividend Yield, Date & History

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. This caused the company to suspend it’s dividend for three quarters. When you add it all up, Chevron is more likely to be a buy for most investors looking at the integrated energy space than a sell (and if you own it there’s no immediate reason you would want to dump it). There are nuances, of course, which may push you toward one stock or another, but if you want a reliable dividend stock Chevron is a great starting point. So there are plenty of reasons to like Chevron, but there is at least one notable reason to dislike it — the global shift toward cleaner energy options, like solar and wind power.

Ratings – BP

So for ultra-conservative dividend investors, Chevron might win the day — it has more room to take on debt to support its business and dividend when there’s another energy downturn. One of the first things that dividend investors are likely to note about Chevron is its dividend yield, which is around 4.2%. That’s not the highest on offer in the peer group, with BP and TotalEnergies both offering larger income streams. Lastly, the company’s 5-year EBITDA growth rate of 10.40%, which underperforms than approximately 39.89% of global competitors. Overall, if investors are eyeing up energy stocks for their portfolios, I think BP merits serious consideration.

Quant Recommendation – BP

BP shares currently have a trailing P/E ratio under 4.3 and a forward P/E ratio below 7.2. At these multiples, they look cheap compared to the wider FTSE 100 index. Using this metric can eliminate differences that arise from varying depletion rates. This is essentially the way oil majors expend their reserves via extraction.

The History of the Standard Oil Company: An Infographic

Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. Based on Blackstone Inc’s dividend yield and five-year growth rate, the 5-year yield on cost of Blackstone Inc stock as of today is approximately 5.32%. The company said it expected crude oil and gas prices as well as refining margins to remain “elevated” in the third quarter and said it would stick to its target of using 60% of its surplus cash on share buybacks. Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. 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. Schedule monthly income from dividend stocks with a monthly payment frequency.

CRUDE OIL

The next BP plc dividend is expected to go ex in 13 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 2 months ago. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3. However, he said he wanted BP to “stay away from businesses in which they have no right to win” and where investment returns are low, such as solar and offshore wind.

Many analysts have trimmed their crude price forecasts for 2024 due to stagnating global demand coupled with rising supply from the US, Libya, and Norway. Chairman Helge Lund appointed Looney’s former finance boss, Murray Auchincloss, as chief executive. The company has also invested in green energy such as solar, wind and biofuels, and it is looking at green hydrogen production as it considers ways to make money once oil demand falls.

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 Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

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