On Friday 19th Dec BP plc paid its Quarter 3 Dividend. BP paid to its shareholders, £0.063769 per share (6.3p per share).

With the oil price under pressure, due to the down turn in the global economy, new shale oil and gas reserves coming on line, the oil price has been in decline for months, which has manifested itself with cheaper petrol and diesel prices at the pumps.

Already BP has warned of $1bn of restructuring charges over the coming year on Wed 10th Dec, as turmoil in the crude market continued with prices dropping to a fresh five-year low.

[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=10022&record_search=1&search_phrase=BP]

However look at the yield of BP plc.

Yes, over 6%.