BP p.l.c. (NYSE:BP) Shares Set to Pay Quarterly Dividend of $0.52

BP p.l.c. (NYSE:BP) announced a quarterly dividend on Friday, October 30th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.5196 per share by the oil and gas exploration company on Friday, December 18th. This represents a $2.08 dividend on an annualized basis 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%

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

BP (NYSE:BP) last released its quarterly earnings results 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. BP had a net margin of 3.74% and a return on equity of 24.67%. The company had revenue of $68.40 billion for the quarter, compared to analyst estimates of $63.14 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 41.8% compared to the same quarter last year. Equities analysts expect that BP will post 8.46 earnings per share for the current 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.