BP - Q2 Dividend - Sterling Equivalent .....

[IanTHughes]

...... can be found here

https://www.investegate.co.uk/bp-plc--b ... 18473924A/

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 5 to 10 September 2018 (£1 = US$1.29263). Accordingly, the amount of sterling dividend payable in cash on 21 September 2018 will be:

7.9296 pence per share.

Enjoy



Ian

[idpickering]

Thank you Ian, you beat me to it. I got distracted working in the chicken run..... yes, you read that right.

Ian.

[monabri]

Watch out for "Vince"

https://www.youtube.com/watch?v=72zLHGCOm-0

The BBC eh?

[idpickering]

Watch out for "Vince"

https://www.youtube.com/watch?v=72zLHGCOm-0

The BBC eh?

Most amusing monabri, thanks. Back to BP though, they sit alongside Shell (RDSB) in my HYP, and together they account for 9.1% in capital value of my 32 share HYP, and are my largest sector bet. I topped up my BP holdings not so long ago, so enough of them for me for now. Both are mainstays in my HYP, and I have zero intention of selling these dividend producing machines.

Ian.

[StepOne]

I topped up my BP holdings not so long ago, so enough of them for me for now. Both are mainstays in my HYP, and I have zero intention of selling these dividend producing machines.

There's no such thing as the perfect HYP share. The BP dividend machine ground to an abrupt halt in 2009, post-Macondo, missing payments for a year, and only resuming them at about half the level they had been. The 2018 dividend total is going to be around 30p, still below the 35p they paid out in 2009.

StepOne

[pyad]

I topped up my BP holdings not so long ago, so enough of them for me for now. Both are mainstays in my HYP, and I have zero intention of selling these dividend producing machines.

There's no such thing as the perfect HYP share. The BP dividend machine ground to an abrupt halt in 2009, post-Macondo, missing payments for a year, and only resuming them at about half the level they had been. The 2018 dividend total is going to be around 30p, still below the 35p they paid out in 2009.

StepOne

It's rather misleading to quote sterling values for an FX dividend share for this purpose, ie. seeing how the 18 dividend compares with the pre spill 09 figure. It's more meaningful as a measure of the company's dividend policy to look at the situation in their accounting currency, US$ here.

In 09 they paid 56¢ pre suspension. Following resumption in 10 after 3 Qs of nil dividends and a Q4 of 7¢, it rose gradually to an annual 40¢ (10¢ per Q) for 15 where it has been stuck until now, when they raised Q2 18 to 10.25¢. At a guess, Qs 3 and 4 18 will repeat the 10.25¢ making a forecast 40.75¢ for 18.

That's a considerably worse drop, comparing 18 with 09, than your sterling figures.

I agree completely on your comment about no such thing as a perfect HYP share. You should see them bleating over on the SSE thread about the company's poor trading update today. And some of the people there have lengthy HYP experience yet appear shocked when a company shits the bed. Yet such a situation is just about inevitable on occasion and is the reason we hold a portfolio. Almost every company at some stage will have such a bad patch. It is to be expected.

[idpickering]

Thank you for your input Stephen, and your invaluable words of wisdom. For me, regarding BP and SSE, I'm doing nothing beyond continuing to hold on to my shares, and thinking long term, as a HYPer should.

Ian.

[PinkDalek]

...... can be found here

https://www.investegate.co.uk/bp-plc--b ... 18473924A/

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 5 to 10 September 2018 (£1 = US$1.29263). Accordingly, the amount of sterling dividend payable in cash on 21 September 2018 will be:

7.9296 pence per share.

The above being for Q2.


The Q3 rns is here https://www.investegate.co.uk/bp-plc/bp ... 927539469J and includes:

Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 4 to 7 December 2018 (£1 = US$1.27725). Accordingly, the amount of sterling dividend payable in cash on 21 December 2018 will be:

8.0251 pence per share.

Before anyone feels the need to mention it, the US$ dividend for the second and third interims is constant at US$0.1025 each. The first interim was at US$0.10.