Fourth Quarter Dividend 2010 - Payment in Sterling
14 March 2011
BP PLC
FOURTH QUARTER DIVIDEND FOR 2010
PAYMENT OF DIVIDENDS IN STERLING
On 1 February 2011, the Directors of BP plc announced an interim dividend for the fourth quarter 2010 of US$0.07 per ordinary share (US$0.42 per ADS). The dividend is to be paid on 28 March 2011 to holders of record on 11 February 2011.
The dividend is payable to holders of ordinary shares in cash in sterling or in new ordinary shares to those who have elected to participate in the scrip dividend programme. 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 8 March 2011 to 11 March 2011 (£1 = US$1.61394). Accordingly, the amount of sterling dividend payable in cash on 28 March 2011 will be:
4.3372 pence per share.
As previously announced, the dividend payable to holders of American Depositary Shares ('ADSs'), each of which represents six ordinary shares, will be US$0.42 per ADS. The dividend will be paid to holders of ADSs in cash in US dollars or in new ADSs to those who have elected to participate in the scrip dividend programme.
Details of the scrip dividend programme are available on the BP plc website at www.bp.com/scrip.
David Pearl
Deputy Company Secretary
This information is provided by RNS