Following a meeting with the President of the United States, the BP (BP) Board announces an agreed package of measures to meet its obligations as a responsible party arising from the Deepwater Horizon spill. Agreement was reached to create a $20bn claims fund over the next three and a half years on the following basis:
As a consequence of this agreement, the BP Board has reviewed its dividend policy. Notwithstanding BP's strong financial and asset position, the current circumstances require the Board to be prudent and it has therefore decided to cancel the previously declared first quarter dividend scheduled for payment on 21st June, and that no interim dividends will be declared in respect of the second and third quarters of 2010.
Source: StreetInsider.com
Related Articles:
Dividend Growth Stocks News
- Global Dividend Stocks To Consider In April 2025 - Yahoo Finance - 4/22/2025
- 3 Dirt Cheap Dividend Stocks to Buy During the Stock Market Sell-Off - The Motley Fool - 4/22/2025
- 3 Dirt Cheap Dividend Stocks to Buy During the Stock Market Sell-Off - MSN - 4/22/2025
- 3 Best Dividend Stocks, According to Analysts, 4/22/2025 - TipRanks - 4/22/2025
- Hanmi Financial And These 2 Dividend Stocks To Consider - Yahoo Finance - 4/22/2025
- Abbott Laboratories (ABT) Dividend Stock Analysis - 4/18/2025
- General Dynamics (GD) Dividend Stock Analysis - 4/11/2025
- Becton, Dickinson and Co. (BDX) Dividend Stock Analysis - 4/4/2025
- Cisco Systems, Inc. (CSCO) Dividend Stock Analysis - 3/28/2025
- Sysco Corporation (SYY) Dividend Stock Analysis - 3/21/2025
________________________________________________________________
Subscribe to:
Post Comments (Atom)
0 comments
Post a Comment
Post a Comment
Note: Only a member of this blog may post a comment.