At the current share price, that translates into a very attractive ordinary dividend yield of 8%. We have taken reasonable steps to ensure that any octafx review information provided by The Motley Fool Ltd, is accurate at the time of publishing. Any opinions expressed are the opinions of the authors only.
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- The dividend history of Exxon Mobil, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources.
- It was able to reduce net debt to the lowest level in a decade, which should ease pressure for 2024.
This increase is underpinned by strong underlying performance and supported by the confidence they have in delivering higher adjusted EBITDA as a result of updated investment plans. BP has not been a good stock for income investors to own in the past. To put it simply, BP has not been a reliable dividend payer even when it was still a major. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Financial Calendars
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.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. But I think the business has a lot of competitive strengths, including an instantly recognisable brand, deep financial markets experience and large customer base. Looking limefx ahead, HSBC’s long-term growth trajectory in Asia remains intact. The region is home to some of the world’s fastest-growing economies, each one being driven by rising incomes and a growing middle class. Demand for banking services should grow, underpinning HSBC’s dividend. Manager Stephen Lilley has improved the fund’s earnings per share by more than 100% each year since 2020.
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.
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 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.
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BP Dividend Growth CAGR
A comparison of dividends with net income and free cash flow on a per-share basis, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources. We are increasing our resilient dividend by 4% per ordinary share and in addition, we are commencing a buyback of $1.4 billion from first half surplus cash flow. Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. • bp is committed to maintaining a strong investment grade credit rating, targeting further progress within an ‘A’ grade credit rating. For 2023 bp intends to allocate 40% of surplus cash flow to further strengthening the balance sheet.
The value of your investments can go down as well as up and you may get back less than you put in. Tax treatment depends on your individual circumstances and may be subject to future change. The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. • In the fourth quarter, bp generated surplus cash flow of $5.1 billion and intends to execute a $2.75 billion share buyback from surplus cash flow prior to announcing its first-quarter-2023 results. Bp has now announced share buybacks from surplus cash flow equivalent to 60% of cumulative surplus cash flow since the start of 2021.
HSBC Holdings
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.
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 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.
Dividend Capture Strategy for BP
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 okcoin pros and cons 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).
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.
NYSE: BPBp PLC Stock Dividend Yield & Dates
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.
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.
On revenue of £13.7bn, that performance demonstrates the attractive profit margins Legal & General can generate. So with the dividend yield now at 7.5%, I’m highly tempted to buy more of this stock. BP has not confirmed its next earnings publication date, but the company’s estimated earnings date is Tuesday, May 7th, 2024 based off last year’s report dates.