LONDON - BP (NYSE:BP) p.l.c. has announced the payment details for its third quarter interim dividend for 2024, which has been set at 6.2959 pence per ordinary share. Shareholders on the register as of 8 November 2024 will receive the dividend in sterling on 20 December 2024. The announced dividend rate corresponds to US$0.08 per ordinary share, which amounts to US$0.48 per American Depositary Share (ADS).
The conversion rate applied to determine the sterling dividend amount was based on the average market exchange rate over three dealing days from 29 November to 3 December 2024, resulting in an exchange rate of £1 to US$1.27066. This exchange rate has been used to calculate the sterling dividend payable to holders of ordinary shares. On the other hand, holders of ADSs will receive their dividends in US dollars.
In a departure from previous quarters, BP's board has decided not to offer a scrip dividend alternative for the third quarter of 2024. However, dividend reinvestment plans are available for both ordinary shareholders and ADS holders, with certain exceptions in place, allowing the reinvestment of dividends into additional BP shares.
Investors seeking more information on the dividend payment options or the dividend reinvestment plans can find details at bp.com/dividends and bp.com/drip respectively. The company has not provided a scrip dividend alternative, focusing instead on cash payments and reinvestment opportunities for its shareholders.
This dividend announcement is based on a press release statement and reflects the company's performance and its commitment to return value to its shareholders. The information provided is a factual account of BP's dividend declaration for the third quarter of 2024.
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