BP plc Plans Dividend of $0.10 (BP)

BP plc (LON:BP) announced a dividend on Tuesday, May 2nd. Investors of record on Thursday, May 11th will be paid a dividend of $0.10 per share by the oil and gas exploration company on Friday, June 23rd. This represents a yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 11th. The official announcement can be seen at this link.

Shares of BP plc (LON:BP) traded up 0.67% during trading on Friday, hitting GBX 472.15. 39,719,662 shares of the company’s stock were exchanged. BP plc has a 1-year low of GBX 349.35 and a 1-year high of GBX 521.20. The stock’s 50 day moving average is GBX 458.40 and its 200 day moving average is GBX 468.77. The firm’s market capitalization is GBX 92.85 billion.

Several research analysts have recently weighed in on the company. Morgan Stanley set a GBX 515 ($6.65) price target on BP plc and gave the stock a “buy” rating in a research note on Monday, April 24th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 530 ($6.84) price objective on shares of BP plc in a research note on Friday, March 10th. HSBC Holdings plc reaffirmed a “buy” rating and issued a GBX 565 ($7.29) price objective on shares of BP plc in a research note on Thursday, March 16th. Citigroup Inc reaffirmed a “buy” rating and issued a GBX 510 ($6.58) price objective on shares of BP plc in a research note on Tuesday, February 21st. Finally, Barclays PLC restated an “overweight” rating and issued a GBX 625 ($8.07) price target on shares of BP plc in a research note on Thursday, March 16th. Eleven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 516.57 ($6.67).

In other BP plc news, insider Brian Gilvary bought 68 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of GBX 456 ($5.89) per share, for a total transaction of £310.08 ($400.26). Also, insider Nils Smedegaard Andersen bought 30,000 shares of the company’s stock in a transaction that occurred on Monday, February 20th. The stock was acquired at an average price of GBX 446 ($5.76) per share, for a total transaction of £133,800 ($172,712.02).

COPYRIGHT VIOLATION NOTICE: “BP plc Plans Dividend of $0.10 (BP)” was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/05/20/bp-plc-bp-to-go-ex-dividend-on-may-11th-updated.html.

About BP plc

BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.

12 Month Chart for LON:BP

Receive News & Ratings for BP plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP plc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply