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BP p.l.c. Message Board

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  • prabbit51 prabbit51 Apr 24, 2009 8:39 AM Flag

    How safe is the dividend?

    Dividends should be paid from the profits a
    company makes.
    I do not think it would be wise for BP to continue the dividend, at the current rate, if
    earnings can't cover.

    Think long term here, a dividend cut of, say 40%
    is prudent. The div can always be increased when
    profits improve.

    I am long BP 1,100 shares.

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