British Petroleum, according to reports will not cut its 10 billion dividend payment to shareholders. One stock analyst said “My take on the underlying message is that the dividend is safe.” This came only 24hours after US Senators Chuck Schumer and Ron Wydon urged British Petroleum to suspend stock dividends payments.
In a conference call to shareholders and analysts, Carl-Henric Svanberg, BP’s chairman, and Tony Hayward, its chief executive, stopped short of giving an undertaking that the payout would be maintained.
He added: “Future decisions on the quarterly dividend will be made, as they have always been, on the basis of all the circumstances at the time. All factors will be considered and decisions taken in the long-term interests of our shareholders. And we are aware of the importance of the dividend for you, the shareholders.
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