This meant that the quarterly dividend per share was kept the same, with a current dividend yield of 4.79%. We asked our writers to share their top dividend stock for March, including energy and financial companies. • For 2023 and subject to maintaining a strong investment grade credit rating, bp remains committed to using 60% of surplus cash flow for share buybacks. • For the fourth quarter, bp has announced a dividend per ordinary share of 6.610 cents an increase of around 10%.

1. 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.
2. 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.
3. The dividend history of Chevron, compiled by Laurentian Research for The Natural Resources Hub based on the company-released sources.
4. But I think the business has a lot of competitive strengths, including an instantly recognisable brand, deep financial markets experience and large customer base.
5. Helpful articles on different dividend investing options and how to best save, invest, and spend your hard-earned money.

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.

HSBC Holdings

«Terminal lucidity» may be mistaken for a turnaround of a perennially sickly business. Add BP plc to receive free notifications when they declare their dividends. BP has increased its dividend for the past 3 consecutive years. Over the past three years, the company’s dividend has not grown.

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).

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.

• 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 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.

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.

BP Dividend History by Quarter

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 activtrades broker review 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.

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.

BP PLC (BP)

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 lexatrade review 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.

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.

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.

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.

Companies with a higher dividend yield tend to have a business model that allows them to pay out more dividends from net income like real estate and consumer defensive stocks. Companies that pay dividends tend to have consistent positive net income. Enter your email address below to receive the DividendStocks.com newsletter, a daily email that contains dividend stock ideas, ex-dividend stocks, and the latest dividend investing news. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin.

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 just2trade review 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.