Tomorrow, BP PLC one of the oil majors pays out its quarterly dividend of 7.4435p a share.
What does this dividend cost ?
https://otp.investis.com/clients/uk/bp_plc/rns/regulatory-story.aspx?cid=233&newsid=1036742
The total number of voting rights in BP p.l.c. is 19,954,945,428
Thus:-19,954,945,428
19,954,945,428 x £0.074435 = £1,485,346,362.93
That is £1.485 Billion.
A yield of 5.1%