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BP confirms dividend conversion rate

12 June 2017 09:54

BP has announced that the interim dividend of US$0.10 per ordinary share (US$0.60 per ADS) for the first quarter will be converted at the rate of £1 = US$$1.28928.

The amount of sterling dividend payable in cash on 23 June will be: 7.7563p per share.

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.

At 9:54am: (LON:BP.) BP PLC share price was +3.7p at 471.5p

Story provided by StockMarketWire.com

Related Company: BP.

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