BP to pay first-quarter interim dividend

[Statistical]

Source: Marketwatch

BP PLC said its board will pay a first-quarter interim dividend of 14 cents a share, or 84 cents per American depositary share, according to a Securities and Exchange Commission filing Tuesday. The dividend, which will be paid June 21 to shareholders of record as of May 7, is for the quarter that preceded the April 20 blowout in the Gulf of Mexico.


Read more: http://www.marketwatch.com/story/bp-to-pay-first-quarter-interim-dividend-2010-06-08

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$0.84 per share * 3,130,000,000 shares = $2,629,200,000 in cash which will be transferred on June 21st.

That is just 1st qtr payment. Annually that is 4 payments so $2,629,000,000 * 4 = $10,516,800,000

One strange thing is the very short window. usually companies file their dividend date well in advance.
Filing 12 days before payment (8 business days) is rather short I believe.

Also I notice on twitter (not sure of accuracy)
newsaudit‎: Accounting 101: Once a company board of directors has declared a dividend to shareholders, they are legally obliged to pay it. #BP #oilspill

[Ian David]

1. Limbaugh's check from BP should be more than enough to pay for Elton John. n/t

[Robbien]

2. So much for BP paying attention to US Senators

who told them don't.

[wordpix]

6. Obama told them don't, too---NOW is it time to fine them?

YES!!!! $4300/gallon x 100,000,000 gal/day x 50 days is a lot of money for Uncle Sam to use to help the Gulf Coast.

[customerserviceguy]

3. This is good news

It proves that even with the massive losses that they're about to take, they're still making buttloads of money. It makes any cries of "You're going to break us!" ring hollow.

Bleed 'em till they're dry, but this action is proof that it's going to take a long time to do that. That's money for shrimpers, fishermen, and anybody else who's suffered economically as a result of this, for as long as it takes until they can return to their former standard of living.

[KamaAina]

4. Blood money

:grr:

[Robbien]

5. JP Morgan Chase owns nearly 30% of BP's public stock

The news stories all talk about poor little Brit's pension plans taking a hit if BP doesn't declare a dividend. Funny they don't mention BP's biggest owner, the world's biggest bankster.

[wordpix]

8. save the banks! save the banks! let's give them another bailout on this one!!!!

:sarcasm:

[wordpix]

7. BP knows it's in trouble--guys at top want their money NOW! This is where Obama

proves he'll step into the role of commander in chief, or fold. Same with Congress, they either prove they're with us regular citizens or with the rich corporations raping the oceans.