BP Restarts Dividend, Posts Mixed Q4 Results

BP plc (BP) declared its first post-spill dividend this morning, a payment of $0.07 per share (or $0.42 per American Depository Share). The oil and gas giant had paid a quarterly dividend of $0.14 per share ($0.84 per ADS) in each of the seven quarters prior to the Gulf of Mexico spill.

The company also posted mixed fourth quarter results, reporting net income of $1.47 per share on $79.7 billion in revenue. The consensus analyst view called for a profit of $1.64 per share on $68.3 billion in sales.

Shares of BP fell to $46.34 (-2.38%) in pre-market trading, where they now carry a 3.63% dividend yield.

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