Q4 2018 Payment of dividends in SterlingSource: RNS
18 March 2019
Fourth quarter interim dividend for 2018
Payments of dividends in sterling
On 5 February 2019, the Directors of BP p.l.c. announced that the interim dividend for the fourth quarter 2018 would be US$0.1025 per ordinary share (US$0.615 per ADS). This interim dividend is to be paid on 29 March 2019 to shareholders on the share register on 15 February 2019. The dividend is payable in cash in sterling to holders of ordinary shares and in US dollars to holders of ADSs. A scrip dividend alternative has been made available for this dividend allowing shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.
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 12 to 15 March 2019 (£1 = US$1.3246). Accordingly, the amount of sterling dividend payable in cash on 29 March 2019 will be:
7.7382 pence per share.
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