BP p.l.c.
BPEnergy · Oil & Gas Integrated · Stock · quarterly payer
Forward Yield
3.93%
Annual Dividend
$2.02
Payout Ratio
95%
5-Yr Growth
0.7%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Key facts about BP's dividend
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, BP p.l.c. (BP) has a forward dividend yield of 3.93%, based on an annual dividend of $2.02 per share and a share price of $51.32.
- As of Oct 25, 2026, BP's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, BP p.l.c. (BP) has raised its dividend for 4 consecutive years as of Oct 25, 2026.
- BP last cut its regular dividend in 2021.
- BP's most recent ex-dividend date was Aug 14, 2026, for a dividend of $0.52 per share.
- As of Oct 25, 2026, BP pays out 95% of its trailing 12-month earnings as dividends (its payout ratio).
- BP's dividend has grown at an average rate of 0.7% a year over the past five years.
- As of Oct 25, 2026, BP's 3.93% yield is 22% below its five-year average yield of 5.07%.
- As of Oct 25, 2026, SmarterDividends' blended fair-value estimate for BP is $37.00 per share, 28% below the $51.32 share price, so BP screens as overvalued.
- BP p.l.c. (BP) pays its dividend quarterly, 4 times a year.
- BP p.l.c. (BP) has raised its regular dividend 66 times and cut it 14 times across the 221 payments on record since 1970. Its most recent change was a 4.2% increase to $0.520 per share, going ex-dividend on Aug 14, 2026. The last cut went ex-dividend on Aug 13, 2020.
- BP (BP) has declared its first higher dividend of the year in August in 3 of the last 5 years; its most recent raise, 4.2%, was declared on Aug 4, 2026.
Cite this page
SmarterDividends, "BP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 25, 2026, https://smarterdividends.com/stocks/BP
Summary
As of Oct 25, 2026, BP p.l.c. (BP) yields 3.93% ($2.02 a year per share), has a dividend safety grade of B (68/100) and has 4 consecutive years of dividend increases on record.
Is BP a good dividend stock?
Yes, with caveatsBP p.l.c. (BP) pays a quarterly dividend yielding 3.93% ($2.02/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 98% total price return over 5 years
Risks
- Cut its dividend in 2021
- Elevated payout ratio (95%)
Key Data
- Dividend Yield
- 3.93%
- Payout Ratio
- 95%
- Annual Dividend
- $2.02
- 5-Yr Avg Growth
- 0.7%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- -0.20
- Market Cap
- $132.2B
- P/E Ratio
- 25.0
- 5-Yr Total Return
- 98%
- 52-Week Range
- $33.22 – $51.49
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2021)
BP dividend raises and cuts
BP p.l.c. (BP) has raised its regular dividend 66 times and cut it 14 times across the 221 payments on record since 1970. Its most recent change was a 4.2% increase to $0.520 per share, going ex-dividend on Aug 14, 2026. The last cut went ex-dividend on Aug 13, 2020.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 14, 2026 | Raise | $0.499 → $0.520 | +4.2% |
| Aug 15, 2025 | Raise | $0.480 → $0.499 | +4.0% |
| Aug 9, 2024 | Raise | $0.436 → $0.480 | +10.1% |
| Aug 10, 2023 | Raise | $0.397 → $0.436 | +9.8% |
| Feb 16, 2023 | Raise | $0.360 → $0.397 | +10.3% |
| Aug 11, 2022 | Raise | $0.328 → $0.360 | +9.8% |
| Aug 12, 2021 | Raise | $0.315 → $0.328 | +4.1% |
| Aug 13, 2020 | Cut | $0.630 → $0.315 | −50.0% |
| Feb 13, 2020 | Raise | $0.615 → $0.630 | +2.4% |
| Aug 9, 2018 | Raise | $0.600 → $0.615 | +2.5% |
| Nov 5, 2014 | Raise | $0.585 → $0.600 | +2.6% |
| May 7, 2014 | Raise | $0.570 → $0.585 | +2.6% |
Show all 80 changes since 1973
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 6, 2013 | Raise | $0.540 → $0.570 | +5.6% |
| Nov 7, 2012 | Raise | $0.480 → $0.540 | +12.5% |
| Feb 15, 2012 | Raise | $0.420 → $0.480 | +14.3% |
| Feb 9, 2011 | Cut | $0.840 → $0.420 | −50.0% |
| Aug 13, 2008 | Raise | $0.812 → $0.840 | +3.4% |
| Feb 20, 2008 | Raise | $0.650 → $0.812 | +24.9% |
| Aug 8, 2007 | Raise | $0.620 → $0.650 | +4.8% |
| Feb 21, 2007 | Raise | $0.590 → $0.620 | +5.1% |
| Aug 9, 2006 | Raise | $0.563 → $0.590 | +4.8% |
| Feb 22, 2006 | Raise | $0.536 → $0.563 | +5.0% |
| Aug 10, 2005 | Raise | $0.510 → $0.536 | +5.1% |
| Feb 16, 2005 | Raise | $0.426 → $0.510 | +19.7% |
| Aug 11, 2004 | Raise | $0.405 → $0.426 | +5.2% |
| May 12, 2004 | Cut | $0.450 → $0.405 | −10.0% |
| Feb 18, 2004 | Raise | $0.433 → $0.450 | +3.9% |
| Aug 13, 2003 | Raise | $0.417 → $0.433 | +3.8% |
| Feb 26, 2003 | Raise | $0.400 → $0.417 | +4.2% |
| Aug 14, 2002 | Raise | $0.383 → $0.400 | +4.4% |
| Feb 20, 2002 | Raise | $0.367 → $0.383 | +4.4% |
| Aug 15, 2001 | Raise | $0.350 → $0.367 | +4.9% |
| Nov 15, 2000 | Raise | $0.333 → $0.350 | +5.1% |
| Aug 18, 1999 | Raise | $0.308 → $0.334 | +8.5% |
| May 19, 1999 | Raise | $0.303 → $0.308 | +1.7% |
| Nov 10, 1998 | Cut | $0.366 → $0.303 | −17.2% |
| Aug 12, 1998 | Raise | $0.360 → $0.366 | +1.7% |
| May 13, 1998 | Raise | $0.352 → $0.360 | +2.1% |
| Feb 18, 1998 | Raise | $0.346 → $0.352 | +1.7% |
| Nov 12, 1997 | Raise | $0.337 → $0.346 | +2.8% |
| Aug 13, 1997 | Raise | $0.319 → $0.337 | +5.7% |
| Feb 19, 1997 | Raise | $0.309 → $0.322 | +4.1% |
| Nov 15, 1996 | Raise | $0.290 → $0.309 | +6.6% |
| Aug 16, 1996 | Raise | $0.205 → $0.290 | +41.6% |
| May 17, 1996 | Raise | $0.192 → $0.205 | +6.5% |
| Feb 23, 1996 | Raise | $0.177 → $0.192 | +8.5% |
| Nov 17, 1995 | Cut | $0.241 → $0.177 | −26.4% |
| Aug 18, 1995 | Raise | $0.180 → $0.241 | +33.6% |
| May 26, 1995 | Raise | $0.176 → $0.180 | +2.3% |
| Mar 3, 1995 | Raise | $0.153 → $0.176 | +15.0% |
| Nov 17, 1994 | Raise | $0.139 → $0.153 | +9.9% |
| May 23, 1994 | Raise | $0.115 → $0.141 | +22.2% |
| Nov 19, 1993 | Cut | $0.118 → $0.115 | −2.7% |
| Aug 23, 1993 | Cut | $0.124 → $0.118 | −4.3% |
| May 24, 1993 | Raise | $0.102 → $0.124 | +21.1% |
| Feb 22, 1993 | Cut | $0.131 → $0.102 | −21.8% |
| Nov 20, 1992 | Cut | $0.161 → $0.131 | −18.7% |
| Aug 17, 1992 | Cut | $0.302 → $0.161 | −46.8% |
| Mar 2, 1992 | Raise | $0.253 → $0.302 | +19.2% |
| Nov 18, 1991 | Raise | $0.245 → $0.253 | +3.4% |
| May 24, 1991 | Cut | $0.284 → $0.245 | −13.7% |
| Mar 4, 1991 | Raise | $0.266 → $0.284 | +7.1% |
| Nov 26, 1990 | Raise | $0.251 → $0.266 | +6.0% |
| Aug 27, 1990 | Raise | $0.228 → $0.251 | +10.0% |
| Mar 5, 1990 | Raise | $0.197 → $0.228 | +15.6% |
| Nov 17, 1989 | Cut | $0.201 → $0.197 | −1.7% |
| Aug 21, 1989 | Cut | $0.208 → $0.201 | −3.4% |
| May 26, 1989 | Cut | $0.287 → $0.208 | −27.8% |
| Aug 22, 1988 | Raise | $0.247 → $0.287 | +16.4% |
| Sep 4, 1987 | Raise | $0.175 → $0.247 | +41.0% |
| Nov 13, 1984 | Raise | $0.163 → $0.175 | +7.7% |
| May 10, 1982 | Raise | $0.150 → $0.163 | +8.3% |
| May 8, 1981 | Raise | $0.113 → $0.150 | +33.3% |
| Nov 7, 1980 | Raise | $0.0875 → $0.113 | +28.6% |
| May 12, 1980 | Raise | $0.0625 → $0.0875 | +40.0% |
| Feb 8, 1980 | Raise | $0.0500 → $0.0625 | +25.0% |
| Nov 9, 1979 | Raise | $0.0375 → $0.0500 | +33.3% |
| May 14, 1979 | Raise | $0.0275 → $0.0375 | +36.4% |
| May 15, 1978 | Raise | $0.0213 → $0.0275 | +29.4% |
| Nov 12, 1973 | Raise | $0.0211 → $0.0213 | +0.7% |
Frequently Asked Questions
Is BP a good dividend stock?
Yes, with caveats. BP p.l.c. (BP) pays a quarterly dividend yielding 3.93% ($2.02/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Is BP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BP's fair value is about $37.00 versus a $51.32 share price — so it looks overvalued (-28% vs. fair value).
Is BP's dividend safe?
BP has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.
What is BP's fair value?
Our blended fair-value estimate for BP is about $37.00 per share, about 28% below the current $51.32 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BP a buy, hold, or sell?
We don't issue formal ratings, but on the data BP screens as "yes, with caveats" and overvalued. BP p.l.c. (BP) pays a quarterly dividend yielding 3.93% ($2.02/yr), with 4 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will BP cut its dividend?
BP earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BP pay a dividend?
Yes. BP p.l.c. pays a quarterly dividend of about $2.02 per share annually, a forward yield of roughly 3.93%.
What is BP's dividend yield?
As of Oct 25, 2026, BP's forward dividend yield is 3.93%, based on a $2.02 annual dividend and a $51.32 share price.
What is BP's dividend per share?
As of Oct 25, 2026, BP pays $2.02 per share per year, distributed on a quarterly basis.
What is BP's dividend payout ratio?
As of Oct 25, 2026, BP's payout ratio is 95% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has BP grown its dividend?
As of Oct 25, 2026, BP has increased its dividend for 4 consecutive years.
When is the next BP ex-dividend date?
As of Oct 25, 2026, BP's next ex-dividend date hasn't been announced. The most recent was Aug 14, 2026, for $0.52 per share.
BP Price — Last 12 Months
Daily close
Price Return
1 Year
+42%
3 Years
+41%
5 Years
+98%
52-Week Range
$33.22 – $51.49
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BP worth?
Overvaluedlow confidenceOur blended fair-value estimate for BP p.l.c. is $37.00 per share, versus a market price of $51.32. That implies 28% of downside.
Fair Value
$37.00
Current Price
$51.32
Downside
-28%
Margin of Safety
-39%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -1.2% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $2.05 EPS, $2.02 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BP Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full BP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Sep 18, 2026 | $0.5200 | regular |
| May 15, 2026 | Jun 26, 2026 | $0.4990 | regular |
| Feb 20, 2026 | Mar 27, 2026 | $0.4990 | regular |
| Nov 14, 2025 | Dec 19, 2025 | $0.4990 | regular |
| Aug 15, 2025 | Sep 19, 2025 | $0.4990 | regular |
| May 16, 2025 | Jun 27, 2025 | $0.4800 | regular |
| Feb 21, 2025 | Mar 28, 2025 | $0.4800 | regular |
| Nov 8, 2024 | Dec 20, 2024 | $0.4800 | regular |
| Aug 9, 2024 | Sep 20, 2024 | $0.4800 | regular |
| May 16, 2024 | Jun 28, 2024 | $0.4360 | regular |
| Feb 15, 2024 | Mar 28, 2024 | $0.4360 | regular |
| Nov 9, 2023 | Dec 19, 2023 | $0.4360 | regular |
| Aug 10, 2023 | Sep 22, 2023 | $0.4360 | regular |
| May 11, 2023 | Jun 23, 2023 | $0.3970 | regular |
Income Calculator
At $2.02 / yr per share
Similar Dividend Stocks
Compare BP
Explore more
Lists and tools related to BP
- Does BP pay dividends? →
- Companies that raise dividends in August →
- Stocks that pay dividends in December →
- Energy dividend stocks →
- BP dividend calculator →
- BP DRIP calculator →
- BP: last day to buy for the dividend →
- Embed BP dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →