BP resumes dividend payment

BP announced on 1st Feb 2011 that it will resume dividend payment for Q4 2010.

42cents per ADR to be given on 28th Mar 2011.

Although this is only exactly half of what it used to give before the oil leak crisis, it is nevertheless a good start. And with U.S$ depreciating, it is now cheaper to buy than before.

Link to BP's dividend history: http://www.bp.com/extendedgenericarticle.do?categoryId=9033054&contentId=7060587 (if the link does not work, traverse www.bp.com -> investors -> Shareholder Services -> ADS shareholders -> Dividend History)


Previous post on BP:

1. http://sgretailinvestor.blogspot.com/2010/05/bp-plc-adr.html
2. http://sgretailinvestor.blogspot.com/2010/06/bp-how-deep-is-deepwater-horizon-oil.html