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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): BP p.l.c. (BP) pays a $2.04 annual dividend ($0.52 quarterly), yielding 4.88% at $42.15/share. Next ex-dividend date 2026-08-14. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.88%
Annual Dividend: $2.04 per share
Payout Ratio: 94.7%
Ex-Dividend Date: 2026-08-14
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 57
BP p.l.c. is a global energy company with operations spanning crude oil extraction, natural gas, wind power, EV charging infrastructure, and the Castrol lubricants brand. The BP p.l.c. dividend currently yields 4.88%, placing it firmly in high-yield territory. BP pays quarterly, with a trailing annual rate of $2.04 per share and an ex-dividend date of August 14, 2026. That yield level, combined with a beta of -0.212, makes BP stock a distinctive option for income-focused investors seeking low correlation to broader market swings.
BP p.l.c. pays out 94.7% of earnings as dividends, a payout ratio classified as high (above 75%). That level leaves little buffer, though BP's diversified revenue base, spanning retail fuel, gas trading, and recurring demand for lubricants through Castrol, provides multiple income streams supporting the current payment. BP p.l.c. dividend safety is the central concern here: a payout ratio this close to 100% means any meaningful earnings decline, whether from oil price weakness or transition-related costs, puts the dividend under direct pressure. The history table already shows one significant cut, from $2.46 in 2019 to $1.89 in 2020, confirming this is not a theoretical risk.
BP p.l.c. dividend history shows a CAGR of -3.0% per year from 2008 to 2025. The per-share annual dividend fell from $3.30 in 2008 to $1.95 in 2025 (with 2026 partial and excluded from this calculation). The largest annual increase in the window was 22.5% in 2023, which followed the post-cut recovery period rather than representing a new growth regime. Four consecutive years of increases through 2025 show recent momentum, but the long-run trend is negative.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +12.9% | $1.36 (2022) | $1.95 (2025) |
| 5-Year | +0.7% | $1.89 (2020) | $1.95 (2025) |
| 10-Year | -2.0% | $2.40 (2015) | $1.95 (2025) |
BP p.l.c. stock fits income-focused investors who prioritize current yield over dividend growth. At 4.88%, the yield sits well above BP's own 5-year average of 3.83%, which means buyers today are locking in a historically elevated payout relative to recent norms. The trade-off is real: a 94.7% payout ratio leaves almost no earnings cushion, and the long-run dividend CAGR of -3.0% confirms that income has eroded in per-share terms over time. What BP offers is a high (above 4%) yield backed by a diversified energy business, including gas, oil, and growing low-carbon segments. What it does not offer is dividend growth or a wide margin of safety on the payout.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-14 | $0.5196 |
| 2026-05-15 | $0.4992 |
| 2026-02-20 | $0.4992 |
| 2025-11-14 | $0.4992 |
| 2025-08-15 | $0.4992 |
| 2025-05-16 | $0.4800 |
| 2025-02-21 | $0.4750 |
| 2024-11-08 | $0.4800 |
| 2024-08-09 | $0.4750 |
| 2024-05-16 | $0.4362 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5180 |
| 2025 | $1.9534 |
| 2024 | $1.8274 |
| 2023 | $1.6610 |
| 2022 | $1.3560 |
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