Tuesday, June 8, 2010

BP (NYSE:BP) Will Pay Dividend

For holders of American depositary shares of BP (NYSE:BP), the company announced they will receive a dividend for the quarter, which had had political pressure exerted to keep that from happening.

BP said in a regulatory filing that they'll award shareholders with a dividend of 84 cents a share for the quarter, payable to shareholders of record as of May 7, and payable on June 21.

The dividend had been approved by the BP board on April 27.

BP share price in New York was at $34.95, down $1.81, or 4.92 percent as of 1:05 PM EDT.
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