BP's (BP) stock plunged more than 14% at one point Wednesday to $29.77 -- a level last seen in 1996 -- amid concern the energy giant could cut or suspend its dividend as it grapples with the Deepwater Horizon oil spill in the Gulf of Mexico. Analysts at Societe Generale told clients in a note that there's a 50% probability BP will skip its next quarterly dividend payment. The company's current annual dividend amounts to $3.36, putting the forward yield at 9%. BP has lost about $100 billion in market value since mid-January.

Increase your money and finance knowledge from home

Portfolio Basics

What are stocks? Learn how to start investing.

View Course »

Finding Stock Ideas

Learn to do your research and find investments.

View Course »

Add a Comment

*0 / 3000 Character Maximum