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Word around the refinery is dividend will start back up the first quarter of next year. It wasnt bp decision to stop the dividends it was obamas.
Forget the Dividend!The day Dividend cancellation was announced, the stock held up pretty good. Dropped what? A Buck or something?Don't expect it to go UP $5.00 if they were to restore it.FOr the time being, you have nothing to worry about..There won't be a dividend for a loooooong time to come. If EVER!
From the time the dividend cancellation we went from the $50.s to the $30.shttp://finance.yahoo.com/q/hp?s=BP&a=00&b=3&c=1977&d=08&e=9&f=2010&g=m
Typical MAllen BS.....; dividend re-instatement will be announced in the next few months.... more than likely first quarter of 11... and the stock goes up 5 bucks the day it's announced..Sorry I'm up a few bucks for the 8th trade on this MAllen.... just another 40 grand to the good.... How's the long term short trade holding up for you ??