BP Sees Dividend Resuming Next Year.The article reports that BP PLC will restart paying dividends in 2011, according to chief executive officer (CEO) Robert Dudley.CHAZANGUYEBSCO_bspWall Street Journal Eastern Edition
BP is, like most energy companies, reeling from 2020's plunge in oil prices. On Aug. 4, the company announced it had cut its dividend by 50% to 5.25 cents per share quarterly, pledging to use the remainder of its near-term cash flow to pay down debt. While the dividend cut is disa...
BP May Start Dividend in Early 2011Zacks Investment Research