GLOBAL - BP will not pay dividends for the remainder of the year as it has to put us$20bn in a compensation fund for victims of the Gulf oil spill.
The oil giant was due to make a us$2.6bn dividend payment on Monday, which has now been cancelled. Its move will be a huge blow for investors, especially those in pension funds and equity income...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
