BP dividends: $2.63 billion

Investors and lawmakers are waiting to see about future payouts. Analysts expected pay of $10.5 billion this year


Associated Press
June 9, 2010 1:27AM (UTC)

BP PLC will pay shareholders $2.63 billion in dividends on June 21 as investors and U.S. lawmakers wait to see what the oil company decides about future payouts.

The company announced the dividend on April 27, one week after a BP well in the Gulf of Mexico exploded and set off the largest oil spill in U.S. history. Lawmakers have urged the company to postpone its dividend for the second quarter dividend. BP hasn't announced plans yet for future dividends.

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Holders of ordinary shares will receive 14 cents. Holders of American depositary shares get 84 cents. Each ADS represents 6 ordinary shares.

The company paid more than $10 billion to shareholders in both 2008 and 2009. Analysts expected it to pay out another $10.5 billion this year.


Associated Press

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