Post Tagged with: "dividend cut"

Source: CNBC

BP CEO says dividend cut ‘deeply rooted in strategy’ as energy giant ramps up renewable investment


The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to “reset” its dividend to 5.25 cents a share was “deeply rooted in strategy.”

The newly announced dividend represents a 50% reduction compared to

Anadarko Cuts Dividend 81%

Anadarko Cuts Dividend 81%

Anadarko Petroleum Corporation (ticker: APC; announced on February 9, 2016, that the board of directors had approved a reduction in the company’s common stock dividend. The new quarterly dividend was announced as $0.05 per share payable March 23, …