Q3 2020 Payment of dividends in Sterling

RNS Number : 7578H

BP PLC

07 December 2020

 

7 December 2020

BP p.l.c.

Third quarter interim dividend for 2020

Payments of dividends in sterling

On 27 October 2020, the Directors of BP p.l.c. announced that the interim dividend for the third quarter 2020 would be US$0.0525 per ordinary share (US$0.315 per ADS).  This interim dividend is to be paid on 18 December 2020 to shareholders on the share register on 6 November 2020. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. The board has decided not to offer a scrip dividend alternative in respect of the third quarter 2020 dividend. Dividend reinvestment plans have been made available for this dividend for ordinary shareholders and ADS holders (subject to certain exceptions) to receive additional BP shares.

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 1 to 4 December 2020 (£1 = US$1.34036). Accordingly, the amount of sterling dividend payable in cash on 18 December 2020 will be:

3.9169 pence per share.

Details of the third quarter dividend and timetable are available at bp.com/dividends. For further information on your dividend payment options visit bp.com/drip.

 

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