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BP’s Outlook: What Do Its Financials Suggest?

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Part 6
BP’s Outlook: What Do Its Financials Suggest? PART 6 OF 17

How Wall Street Analysts View BP’s 4Q17 Dividend

BP’s dividend per share

BP’s (BP) dividend payments have stayed steady during the past few years. In 3Q17, BP paid a dividend of $0.60 per share,1 which has remained steady compared to 3Q15. The dividend was declared on August 1, 2017, and it was paid on September 22.

How Wall Street Analysts View BP’s 4Q17 Dividend

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Wall Street analysts expect BP’s dividend payment to stay flat quarter-over-quarter in 4Q17 to $0.60 per share, which could be due to BP’s steady dividend payments during the past two years.

BP’s dividend yield

BP’s current dividend yield stands at 6.3%, which has fallen from 7.3% in 3Q15. The decline in yield is due to a rise in BP’s stock price during this period. We’ll look at BP’s stock price performance in the next part.

Peers’ dividend yields

In the same period, Chevron’s (CVX) dividend yield fell from 4.8% in 3Q15 to its current level of 3.7%. Global players ENI (E) and Statoil (STO) saw their dividend yields fall from 6.5% and 5.7%, respectively, in 3Q15 to their current levels of 5.5% and 4.4%, respectively.

ExxonMobil’s (XOM) dividend yield increased from 3.7% in 3Q15 to its current level of 3.9%. Royal Dutch Shell’s (RDS.A) dividend yield rose from 6.2% to 6.3%. The SPDR S&P 500 ETF’s (SPY) dividend yield rose from 1.8% in 3Q15 to its current level of 1.9%.

In the next part, we’ll analyze whether BP has outperformed SPY in 3Q17 quarter-to-date.

  1. American depository share
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