BP p.l.c. (NYSE:BP – Get Free Report) 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 yield of 4.6%. The ex-dividend date of this dividend is Friday, November 13th.
BP has a payout ratio of 69.5% meaning its dividend is sufficiently covered by earnings. 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 Price Performance
BP stock traded up $0.56 during midday trading on Wednesday, hitting $45.14. The company’s stock had a trading volume of 907,657 shares, compared to its average volume of 10,620,625. 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 firm has a market capitalization of $118.25 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.34 and a beta of 0.16. The company has a 50 day moving average of $46.32 and a two-hundred day moving average of $43.25. BP has a 12 month low of $33.22 and a 12 month high of $51.49.
BP (NYSE:BP – Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The oil and gas exploration company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.60. BP had a return on equity of 24.67% and a net margin of 3.74%. The company had revenue of $68.40 billion for the quarter, compared to analysts’ expectations of $63.14 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, analysts expect that BP will post 8.46 EPS 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.
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