Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow. Build conviction from in-depth coverage of the best dividend stocks. Quickest stock price recoveries post dividend payment. 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. BP’s most recent quarterly dividend payment of $0.4362 per share was made to shareholders on Tuesday, December 19, 2023. BP’s next quarterly dividend payment of $0.4362 per share will be made to shareholders on Thursday, March 28, 2024.
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. This caused the company to suspend it’s dividend for three quarters.
Earnings for BP are expected to grow by 5.33% in the coming year, from $4.88 to $5.14 per share. BP has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, May 7th, 2024 based off prior year’s report dates. The dividend yield measures the ratio of dividends paid / share price.
Let’s apply the above dividend stock-picking criteria to BP, with the best interest of income-oriented, long-term investors in mind. That brings us to the critical issue of dividend reliability. A common metric for dividend reliability is the annual payout. This is actually a rather complicated concept full of nuances depending on a company’s capital allocation policy, and secularity (or cyclicity) of the industry, among other factors. To avoid seeing the forest for the trees in dividend analysis, I prefer to examine dividend reliability in light of the economic moat. HSBC Holdings is an advertising partner of The Ascent, a Motley Fool company.
And I can’t see any sensible reason why the fund is trading at a whopping 22% discount to the net value of its assets (NAV). One thing to note is that funds don’t always close that gap, and the share price could remain less than NAV. The primary uncertainty with BP is how much longer the company will survive the strategy of selling higher-quality assets and plowing the proceeds into politically correct but economically suicidal projects. As long as the management keeps inflicting injuries on the company, risk will continue to overwhelm potential rewards.
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Dividend Yield Range, Past 5 Years
Enter your email address below to receive our daily newsletter that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. BP last issued its quarterly earnings data on February 6th, 2024. The oil and gas exploration company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.11. The company earned $52.14 billion during the quarter, compared to the consensus estimate of $53.14 billion. Its quarterly revenue was down 24.7% compared to the same quarter last year. BP has generated $5.09 earnings per share over the last year ($5.09 diluted earnings per share) and currently has a price-to-earnings ratio of 7.0.
• During the fourth quarter, bp completed share buybacks of $3.2 billion. The $2.5 billion share buyback programme announced with the third quarter results etoro broker review was completed on 3 February 2023. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money.
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Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We’d like to share more about how we work and what drives our day-to-day business. At $23.64 per share, BP is priced at an EV/EBITDA multiple of 6.70x, and a P/E multiple of 9.17x. BP appears to look cheap as compared with Exxon (EV/EBITDA at 11.75x) and Chevron (EV/EBITDA at 9.98x and P/E at 50.07x) but BP is very likely a value trap, judging from the discussion above. In summary, the dividend distribution of BP has not had the backing of robust business fundamentals for a long while; going forward, the long-term prospect will very likely get worse, not better. Don’t be fooled by the apparent improvement in margins and ROE in the past two quarters, which was an artifact produced by asset fire-sale and profit pad-up amidst sharply declining revenue (see here; Fig. 5).
That may well be true from a viewpoint of company-wide decarbonization, but I believe what Mr. Looney is doing at BP may turn out to be extremely detrimental for income investors. The dividend history of Chevron, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources. The dividend history of Exxon Mobil, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources. BP’s unreliability as an income investment is in stark contrast to, e.g., Exxon Mobil (XOM) and Chevron (CVX), which have been consistently raising dividends for many decades and through thick or thin (Fig. 2; Fig. 3).
The value of stocks, shares and any dividend income may fall as well as rise and is not guaranteed, so you may get back less than you invested. You should not invest any money you cannot afford to lose, and you should not rely on any dividend income to meet your living expenses. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes and different accounting and reporting standards. They may have other tax implications, and may not provide the same, or any, regulatory protection. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock price rises in the currency of origin. Any performance statistics that do not adjust for exchange rate changes are likely to result in an inaccurate portrayal of real returns for sterling-based investors.
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- That may well be true from a viewpoint of company-wide decarbonization, but I believe what Mr. Looney is doing at BP may turn out to be extremely detrimental for income investors.
- More geared to oil production and exploration than its main rivals.
- And the full-year dividend of $0.61 is expected to stay steady this year.
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- BP has generated $5.09 earnings per share over the last year ($5.09 diluted earnings per share) and currently has a price-to-earnings ratio of 7.0.
The Motley Fool UK has recommended Greencoat Uk Wind Plc and HSBC Holdings. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. In its most recently reported annual results, the firm earned £2.3bn in profits after tax.
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See Best High Dividend Stocks Model Portfolio for our top maximize income ideas. Ratings analysis incomplete due to data availability. Generate fixed income from corporates that prioritize environmental, social and governance forex broker listings responsibility. ETFs and funds that prioritize investments based on environmental, social and governance responsibility. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend.
BP p.l.c. has an annual dividend of $1.74 per share, with a forward yield of 4.90%. The dividend is paid every three months and the last ex-dividend date was Feb 15, 2024. BP’s financial performance simply does trade99 review not suggest the presence of any economic moat. It is worth emphasizing the presence of an economic moat is imperative to securing a reliable stream of dividends, especially for strategy 1 and strategy 2.
Best British dividend stocks to consider buying in March
The total assets and revenue of BP, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources. The return on equity, EBITDA margin, net margin, and FCF margin of BP, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources. The most recent change in the company’s dividend was an increase of $0.0396 on Tuesday, August 1, 2023. Demand is high and could well grow over time as the population ages. That means that even modest-seeming fees can add up over time.
And renewable energy now generates a record 48% of UK electricity. Jon Smith does not own shares in any comapnies mentioned. Certain financial information included in Dividend.com is proprietary to Mergent, Inc. («Mergent») Copyright © 2014.
BP Dividend Yield Over Time
Reproduction of such information in any form is prohibited. Global mining group Rio Tinto trended first as the company announced a bumper… See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. See Best Dividend Protection Stocks Model Portfolio for our top retirement income ideas.
Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK. Annual pre-tax profits rose 78% rise as the bank benefited from higher interest rates. And the full-year dividend of $0.61 is expected to stay steady this year.