BP to pay shareholders $2.63B in dividends

Posted June 8, 2010 at 3:26 p.m.

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

The company announced the dividend 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. BP hasn’t announced plans for future dividends.


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.

 

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