@DamnRay 6 months ago
BP raises its dividend & still maintains $750 million buyback
BP raises its dividend & still maintains $750 million buyback
just beat its Q2 profit expectations with around $2.4 billion underlying earnings. They then increased their quarterly dividend from 8¢ to 8.32¢ (around 4% hike). The company also confirmed continuation of its $750 M share buyback program, pretty impressive. This definitely signals confidence in the company's cash flow stability.
