BP: Dividend Insights
Portfolio Pulse from Benzinga Insights
BP (NYSE:BP) has announced a quarterly dividend of 72.7 cents per share, which will be paid out to shareholders on September 22, 2023. The stock will go ex-dividend on Thursday, meaning it will likely open 72.7 cents lower. Shareholders who own BP as of the end of Wednesday's session are eligible to receive the dividend.
August 07, 2023 | 2:45 pm
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BP's announcement of a 72.7 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not indicative of the company's overall performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout, which is why BP's stock price may decrease in the short term. However, this is a standard part of the dividend process and does not reflect negatively on the company's overall performance.
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