BP raises quarterly dividend 4.21% to $0.52 per share

BP p.l.c. (BP) has announced a quarterly dividend increase of 4.21%, raising the payout to $0.5200 per share. The new dividend will be paid to shareholders of record as of the ex-dividend date of August 14, 2026. This marks the company's latest step in its commitment to returning value to shareholders.

The numbers

The new dividend of $0.5200 per share represents an increase from the previous quarterly payment of $0.4990. This raise continues a trend of modest growth, with BP's five-year dividend compound annual growth rate (CAGR) at 0.7%. The company has now increased its dividend for four consecutive years. Recent quarterly payments have been $0.48 (May 2025), $0.499 (August 2025, November 2025, February 2026, and May 2026), and now $0.52 (August 2026).

Based on the current stock price of $42.53, the trailing twelve-month (TTM) dividend yield stands at 4.74%, with a TTM dividend per share of $2.0170. The new annualized dividend rate, if maintained, would be $2.08 per share, implying a forward yield of approximately 4.89%.

What it means for income investors

For income investors, this raise translates to an additional $0.021 per share per quarter. On a 100-share position, that equates to an extra $2.10 per quarter, or $8.40 annually. While the increase is modest, it reinforces BP's commitment to returning cash to shareholders. Investors should note the ex-dividend date of August 14, 2026, to ensure they are eligible for the upcoming payment. For a detailed look at BP's dividend history, visit our dedicated page.

Reporting based on: DividendSmart market data. Figures verified against market data where available.