bp declares the dividend in US dollars. bp ordinary shareholders will receive the dividend in sterling and the amount they receive each quarter may vary as a result of changing foreign exchange rates. The exchange rate used to determine the sterling cash dividend is the average of the market rates over the 4 dealing days prior to the sterling cash dividend announcement date. ADS holders will receive their dividend in US dollars.
You can choose to receive cash dividends or participate in dividend reinvestment (DRIP) to receive additional bp shares. For further information please follow the links below:
Shareholders can choose to receive their dividend payments directly into their bank account or participate in the dividend reinvestment plan. bp no longer pays dividends by cheque.
The easiest way to make your dividend payment choice is to register an account on the bp Share Centre. Alternatively, you can contact the bp Registrar, Link Asset Services to provide your bank details or to receive a dividend mandate form.
If you are an overseas ordinary shareholder, you may be able to use the International Payment Service (IPS) and receive dividend payments direct to your bank account in your local currency.
Further information regarding the IPS including terms and conditions, costs and forms for signing up are available from Link Asset Services.
In keeping with bp’s strategy to promote efficient and modern methods of engagement with its shareholders, effective December 2020, bp will stop paying dividends by check. Shareholders can choose to receive their dividends by direct deposit or enrolling in dividend reinvestment for future dividends. Find out more here.
The easiest, quickest and most secure way to provide your bank details is to register for an adr.com account and provide your bank account details online. Alternatively please contact JPMorgan Chase to request a direct deposit dividend form.
bp reports another quarter of strong earnings driven by high reliability and strategic delivery in its latest results
Find useful information about bp dividends and learn how to manage your shareholding online
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