Damn the Dividend, BP's Still a Buy | Fee-Only Financial Planners Long Island

Damn the Dividend, BP’s Still a Buy

Alexandra Zendrian

Ron Roge (R.W. Roge & Co. CEO): BP stock shot up on the rumor that they would cut their dividend. So it looks like the investment community is happy about them saving some extra cash until it can be determined what BP’s ultimate liabilities will be. That may take some time to determine. I don’t think they will cut their dividend entirely, since many dividend-based indexes would be forced to sell the stock.

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