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BP declares Q1 interim dividend of $0.0975 per share
14 Jun '14
1 min read
BP p.l.c. announced that the interim dividend for the first quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 20 June 2014 to shareholders on the share register on 9 May 2014.
The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs.
A scrip dividend alternative has been made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.
Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 3 June 2014 to 6 June 2014 (£1 = US$1.67897). Accordingly, the amount of sterling dividend payable in cash on 20 June 2014 will be 5.8071 pence per share.
BP
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