03/20/2017 | Press release | Distributed by Public on 03/20/2017 03:13
20 March 2017
Fourth quarter interim dividend for 2016
Payments of dividends in sterling
On 7 February 2017, the Directors of BP p.l.c. announced that the interim dividend for the fourth quarter 2016 would be US$0.10 per ordinary share (US$0.60 per ADS). This interim dividend is to be paid on 31 March 2017 to shareholders on the share register on 17 February 2017. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.
Sterling dividends payable in cash will be converted from US dollars at an average of the market exchange rate over the four dealing days from 14 to 17 March 2017 (£1 = US$1.22568). Accordingly, the amount of sterling dividend payable in cash on 31 March 2017 will be:
8.1587 pence per share.