Another concern surrounding BP is its dividend payments. Yesterday BP went ex-dividend, so investors would have needed to purchase shares in order to receive the next dividend on the 18th of December. BP’s dividend is not well covered by , as the company lost money last year, this should be a concern for investors who are looking to buy at these low bargain prices, but as we all know, paying a dividend from your pocket is not sustainable in the long run, so investors should first look into whether or not are likely to recover.
If we take a look on the bright side of things, analysts are forecasting a recovery, albeit a slow one . BP has plans to adapt to the changing world integrating oil with renewables, which in our opinion is a sound approach.
For a long term investment, BP is well worth considering in our opinion at these low single-digit prices.