Q1 2020 Payment of dividends in sterling
8 June 2020
BP p.l.c.
First quarter interim dividend for 2020
Payments of dividends in sterling
On 28 April 2020, the Directors of BP p.l.c. announced that the interim dividend for the first quarter 2020 would be US$0.1050 per ordinary share (US$0.630 per ADS). This interim dividend is to be paid on 19 June 2020 to shareholders on the share register on 11 May 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 first 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 2 to 5 June 2020 (£1 = US$1.25868). Accordingly, the amount of sterling dividend payable in cash on 19 June 2020 will be:
8.3421 pence per share.
Details of the first 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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