LONDON - BP (NYSE:BP) p.l.c. has announced the payment details for its fourth quarter interim dividend for 2024, setting the amount for shareholders receiving payment in sterling. The dividend, declared at US$0.08 per ordinary share, will be paid in sterling at a rate of 6.1761 pence per share on Monday, March 28, 2025.
Shareholders on the register as of Friday, February 21, 2025, will be eligible for the dividend, which will not include a scrip dividend alternative this time. However, the company has made dividend reinvestment plans available for both ordinary shareholders and American Depositary Share (ADS) holders, allowing them to acquire additional BP shares in lieu of cash dividends.
The sterling dividend payment is based on the average market exchange rate from Wednesday, March 11, to Friday, March 13, 2025, which was determined to be £1 to US$1.29531. The dividend is payable in cash for holders of ordinary shares and in US dollars for holders of ADSs.
This dividend payment follows BP’s previous announcement on February 11, 2025, regarding the interim dividend for the last quarter of 2024. The decision to pay dividends in sterling reflects the company’s commitment to providing value to its shareholders, while also catering to the preferences of its diverse investor base.
For shareholders seeking further information on the dividend payment options or the dividend reinvestment plans, BP directs them to its website at bp.com/dividends and bp.com/drip, respectively.
This financial update is based on a press release statement distributed by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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