(01-08-2015, 12:17 PM)Lewys120 Wrote: I just bought into BP and believe that the Russia sanctions have already been factored into the price. With a payout ratio of only 18% I feel comfortable that there's plenty of space to increase dividends despite the forecast EPS. If in any case they don't I'll surely sell.
Lewys
As a fellow shareholder I hope you are correct. Its a decent company with a nice yield, I just don't feel it is as high a quality as Chevron or Exxon.
Also, with expected earnings of $4.04 in 2014 and projected earnings of $3.12 for 2015, the $2.40 dividend payment is at a current payout ratio of 59% and forward ratio of 77%.
It appears to be safe, but not at the levels of CVX or XOM.