Dividend will rise in the coming years.11 Dec 2020 13:48
Thanks to a projected recovery in demand, analysts expect earnings per share of $1.50 for BP’s 2021 fiscal year. If the company manages that, it will have more than enough to cover its current annual dividend level and even to raise it, if management wishes. I don’t think they will, however, at least not substantially. Many dividend investors prize dividend consistency even more than high short-term payouts.