1. Home
  2. Investors
  3. Information for shareholders
  4. Dividends
  5. Scrip dividend programme and FAQs

Scrip dividend programme and FAQs

BP p.l.c. has suspended the Scrip Dividend Programme effective for the third quarter 2019 interim dividend, payable on 20 December 2019. The Company does not anticipate offering a scrip election for the foreseeable future.

 The programme was approved by shareholders at the 2010 Annual General Meeting and this approval was renewed at both the 2015 and the 2018 Annual General Meeting, and amended by the BP p.l.c. board of directors on 2 September 2019 and 28 October 2019.

The full terms and conditions of the scrip dividend programme can be downloaded below. These provide information on tax and example calculations of scrip entitlements. Please ensure that you read the applicable terms and conditions prior to making a scrip dividend election decision.

ADS holders: Important note regarding stamp duty reserve tax

The Reference ADS Price is calculated by multiplying the reference share price by six (as there are six ordinary shares underlying each ADS) and adjusting for the fee payable to the Depositary under the ADS Deposit Agreement ($0.05 per ADS). Prior to the 2012 first quarter 2012 dividend payment, stamp duty reserve tax ('SDRT') of 1.5% was deducted from this calculation, but following a tax tribunal decision in 2012, HM Revenue & Customs will no longer seek to impose 1.5% SDRT on issues of UK shares and securities to non-EU clearance services and depositary receipt systems.

 

Find out more about BP's scrip dividend programme

For information on how to sign up to the programme and for additional FAQs, please see the below downloadable documents.