LONDON, April 29 (Reuters) - British oil firm BP posted quarterly profit slightly above forecasts and upped itsdividend for the second time in six months, in line with apledge made earlier this year to focus on returning more cash toshareholders.
The company on Tuesday posted underlying replacement costprofit of $3.2 billion, down from $4.2 billion in the sameperiod a year ago, but slightly ahead of a consensus forecast of$3.1 billion.
BP also said it would raise its quarterly dividend to 9.75cents per share, 8.3 percent higher than a year earlier. (Reporting by Sarah Young; editing by Kate Holton)
BP (BP.)
