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BP p.l.c. Message Board

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  • prabbit51 prabbit51 Nov 26, 2009 7:27 AM Flag

    How safe is the BP dividend?

    let's put the dividend question to bed.

    If I have this correctly,
    BP made $1.69 per ADS in qtr 3 2009.
    During the 3rd qtr, oil traded for some $71-72 per barrel.
    Looks like qtr 4 is averaging
    around $76+ per barrel.

    Therefore, one could assume that 4th qtr profit should be equal or greater that 3rd qtr.

    Conclusion: divie of $0.84 per ADS appears very sustainable.

    Hence, BP stock price continues it's move upward.

    and yes, earlier this year the div was in question with oil below $60. Cutting the div with oil below $60 would be a prudent move for BP.BUTT OIL AIN"T BELOW $60 NOW!

    I jus' love getting 6% on my nomey too!!!!

33.96-0.30(-0.88%)Sep 23 4:01 PMEDT