The oil major increases its payout for the quarter, marking a 4.1% rise from the previous $0.4992 per ADS.
BP raised its quarterly dividend to $0.5196 per American depositary share, a 4.1% increase from the prior $0.4992. The move reflects the company’s commitment to returning value to shareholders amid stable cash flow generation.
The new dividend implies a forward yield of 4.7%, based on current share prices. Payment is set for September 18, with an ex-dividend date and record date of August 14.
The increase follows a period of disciplined capital allocation and improved operational performance in the energy sector.