Sign-in | Register

BP shares jump despite dividend cut

Comments (0) | 17 Jun 2010 | Rating Rating (-1 to +1): 1.0

| Print by Tim Human

It is not the first time a dividend cut has been met with a share price rise

Dividend cuts are usually met with a howl of indignation from shareholders. Not so with BP, however.

The oil and gas giant confirmed on Wednesday it would suspend its first dividend payment of 2010 – worth $2.6 bn to investors – and not make any other payouts for the rest of ...

Register now to read the rest of this article! Registration is free and you will be able to read five articles every month.

Become a subscriber for unlimited access.