NEW YORK, April 24 /CNW/ -- BP p.l.c. of London, England, today announced
payment of a quarterly dividend of $0.6195 per American Depositary Share (ADS)
to qualifying ADS shareholders. The record date for ADS shareholders is May
11, 2007 with payment to be made on June 4, 2007.
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Canadian Dollar dividends to Canadian Residents
For Canadian resident ADS shareholders receiving their dividend in
Canadian dollars, the rate of exchange of Canadian $1.1222 to the US Dollar
was that ruling at 4 p.m. London time on April 23, 2007. The dividend payable
June 4, 2007, to qualifying Canadian resident ADS shareholders is a cash
payment of Canadian $0.695 per ADS, which is the amount to be reported as
foreign non-business income for Canadian tax purposes.
US Dollar dividends to Canadian Residents
For Canadian resident ADS shareholders who have filed an election to
receive dividends in US dollars, the dividend payable June 4, 2007, to
qualifying Canadian resident ADS shareholders is a cash payment of US $0.6195
per ADS. The amount of dividend to be reported as foreign non-business income
for Canadian tax purposes will be the amount of US $0.6195 per ADS, converted
to Canadian dollars at an appropriate exchange rate.
Direct Access Plan
For U.S. and Canadian resident ADS shareholders who wish to take their
dividend in the form of shares the Direct Access Plan also includes a Dividend
Reinvestment Plan (DRIP) facility.
The ex-dividend date on the New York Stock Exchange is expected to be May
One ADS represents 6 ordinary shares of BP traded in London.
For further information:
For further information: New York: Rachael MacLean, +1-212-451-8072, or
Ronnie Chappell, +1-281-366-5174, both of BP Web Site: http://www.bp.com/