BP plc (BP) Announces Dividend of $0.10

BP plc (LON:BP) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 10th will be given a dividend of $0.10 per share by the oil and gas exploration company on Friday, September 22nd. This represents a yield of 1.64%. The ex-dividend date of this dividend is Thursday, August 10th. The official announcement can be accessed at this link.

BP plc (BP) traded down 0.72% on Friday, reaching GBX 440.00. The company’s stock had a trading volume of 23,037,083 shares. BP plc has a 12-month low of GBX 411.60 and a 12-month high of GBX 521.20. The company’s market capitalization is GBX 86.85 billion. The firm has a 50-day moving average of GBX 449.47 and a 200 day moving average of GBX 457.84.

In other BP plc news, insider Brian Gilvary purchased 68 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were acquired at an average price of GBX 468 ($6.08) per share, with a total value of £318.24 ($413.14). In the last ninety days, insiders bought 206 shares of company stock worth $94,796.

A number of research firms have recently commented on BP. UBS AG set a GBX 525 ($6.82) price objective on BP plc and gave the company a “buy” rating in a research report on Tuesday, April 25th. J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 530 ($6.88) price objective on shares of BP plc in a research report on Monday, June 12th. Barclays PLC restated an “overweight” rating and issued a GBX 625 ($8.11) price objective on shares of BP plc in a research report on Tuesday, June 20th. Deutsche Bank AG restated a “buy” rating and issued a GBX 515 ($6.69) price objective on shares of BP plc in a research report on Wednesday, June 21st. Finally, Macquarie cut BP plc from a “neutral” rating to an “underperform” rating and cut their price objective for the company from to in a research report on Wednesday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company’s stock. BP plc presently has an average rating of “Hold” and a consensus target price of GBX 506.50 ($6.58).

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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.

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