BP paying out $2.63B in dividends

Full Story at msnbc.com

NEW YORK – BP PLC will pay shareholders $2.63 billion in dividends on June 21 as investors and U.S. lawmakers wait to see what the oil company decides about future payouts.

The company announced the dividend on April 27, one week after a BP well in the Gulf of Mexico exploded and set off the largest oil spill in U.S. history. Lawmakers have urged the company to postpone its dividend for the second quarter. BP hasn’t announced plans yet for future dividends.

Holders of ordinary shares will receive 14 cents. Holders of American depositary shares get 84 cents. Each ADS represents 6 ordinary shares.

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