{"id":437,"date":"2014-01-24T08:58:34","date_gmt":"2014-01-24T08:58:34","guid":{"rendered":"http:\/\/www.asadkarim.co.uk\/?p=437"},"modified":"2014-01-27T08:07:47","modified_gmt":"2014-01-27T08:07:47","slug":"the-bp-dividend","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=437","title":{"rendered":"The BP Dividend"},"content":{"rendered":"<p>In 2013, BP plc, (<a href=\"http:\/\/www.bp.com\/\">www.bp.com<\/a>) paid 4 cash dividends to shareholders,\u00a0as they have a quarterly dividend policy.This makes BP an attractive investment option for investors seeking an income, such as Pension Funds or Investment Funds.<\/p>\n<p>[<a title=\"Legal and General Equity Income Fund\" href=\"http:\/\/www.legalandgeneral.com\/_resources\/pdfs\/investments\/managers-report-interim\/IM_SR_UK_Equity_Income_Fund.pdf\" target=\"_blank\">http:\/\/www.legalandgeneral.com\/_resources\/pdfs\/investments\/managers-report-interim\/IM_SR_UK_Equity_Income_Fund.pdf<\/a>]<\/p>\n<p>See how this fund the Legal and General Equity Income Fund has investments in BP, the fund needs to pay out to its investors, and thus why <strong>3% of the fund is held in BP<\/strong>.<\/p>\n<p>BP paid the following in 2013:-<\/p>\n<p>28-Mar-13 <strong>6.0013p<\/strong> per share<br \/>\n21-Jun-13 <strong>5.8342p<\/strong> per share<br \/>\n20-Sep-13 <strong>5.7630p<\/strong> per share<br \/>\n20-Dec-13 <strong>5.8008p<\/strong> per share<\/p>\n<p>So the interesting calculation is what the actual Ordinary Share dividend costs BP. The issued share capital of BP p.l.c. comprised\u00a0of <strong>18,638,693,405<\/strong> shares.<\/p>\n<p>Thus:<\/p>\n<p>28-Mar-13: = 18,638,693,405 x \u00a30.060013 per share = <strong>\u00a31,118,563,907<\/strong><br \/>\n21-Jun-13: = 18,638,693,405 x \u00a30.058342 per share = <strong>\u00a31,087,418,651<\/strong><br \/>\n20-Sep-13: = 18,638,693,405 x \u00a30.057630 per share = <strong>\u00a31,074,147,901<\/strong><br \/>\n20-Dec-13: = 18,638,693,405 x \u00a30.058008 per share = <strong>\u00a31,081,193,327<\/strong><\/p>\n<p>For 2013, the cash dividend cost BP:<\/p>\n<p><strong>\u2211<\/strong>(\u00a31,118,563,907 + \u00a31,087,418,651 + \u00a31,074,147,901 + \u00a31,081,193,327)<\/p>\n<p>= <strong>\u00a34,361,323,786<\/strong><\/p>\n<p>That is <strong>\u00a34.361 Billion<\/strong> = <strong>\u00a34361 Million<\/strong>\u00a0paid out to the\u00a0deserving shareholders of BP plc. Pension Funds and Income seeking investors deserve a decent dividend stream. BP is delivering stable returns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2013, BP plc, (www.bp.com) paid 4 cash dividends to shareholders,\u00a0as they have a quarterly dividend policy.This makes BP an attractive investment option for investors seeking an income, such as Pension Funds or Investment Funds. [http:\/\/www.legalandgeneral.com\/_resources\/pdfs\/investments\/managers-report-interim\/IM_SR_UK_Equity_Income_Fund.pdf] See how this fund the Legal and General Equity Income Fund has investments in BP, the fund needs to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-437","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=437"}],"version-history":[{"count":2,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/437\/revisions"}],"predecessor-version":[{"id":439,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/437\/revisions\/439"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}