Here’s what I think is next for BP’s dividend

first_img Our 6 ‘Best Buys Now’ Shares Jay Yao | Thursday, 10th December, 2020 | More on: BP For many years, BP (LSE:BP) has been a dividend investor favourite. Before 2020, BP hadn’t cut its dividend for around a decade. The company’s dividend yield was also pretty sizeable for many quarters. However, management cut the dividend by 50% this year, to 5.25 cents per share, because of the Covid-19 crisis.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Here’s what I think is next for BP’s dividend. Demand recovery?The long term outlook for oil and gas is uncertain at best. But many analysts are bullish on leading energy companies for the next few years, thank to the potential economic recovery. JP Morgan analyst Christyan Malek writes, “While oil demand’s rebound led by new vaccines is likely to be ‘bumpy’ owing to varying degrees of penetration rates in emerging markets, out commodities oil outlook models global consumption almost back to pre-2019 levels in 1H22”.In terms of vaccine candidates for Covid-19, there has been even more good news. According to the UAE, interim data indicates Sinopharm’s vaccine candidate efficacy is around 86% and there were no serious safety concerns. Also, Sinopharm’s vaccine doesn’t have the challenge of needing to be stored at very low temperatures, Pfizer’s or Moderna’s. However, it should be noted that more data needs to be released to get a full picture of Sinopharm’s vaccine. Some critical details have not yet been released.Given the Sinopharm news, there is even more hope of a stronger emerging markets recovery. If emerging markets rebound faster economically, I reckon demand for oil could rebound quite strongly too. BP earnings and projectionsThanks to a projected recovery in demand, analysts expect earnings per share of $1.50 for BP’s 2021 fiscal year. If the company manages that, it will have more than enough to cover its current annual dividend level and even to raise it, if management wishes. I don’t think they will, however, at least not substantially. Many dividend investors prize dividend consistency even more than high short-term payouts. To me, the easiest way to build a consistent dividend history is to start with a lower payout ratio and to slowly raise the dividend. I reckon that’s exactly what management will do for the next few years at least.  Also management has also given indications of plans to use earnings for other purposes other than the dividend. Specifically, BP management has committed to use a minimum of 60% of excess free cash to buy back stock “once BP’s balance sheet has been deleveraged and subject to maintaining a strong investment grade credit rating”. The company will also need money for its green energy transition. In the long run, BP faces a serious headwind for its oil and gas business. Electric vehicles (EVs) don’t use oil at all and EV adoption has skyrocketed recently. Given the current increasing investment in the sector, EV adoption will increase even more in the future. For long-term investors, I think BP’s success in its green energy transition matters more than short-term dividend payments. Given that I’m positive about BP management’s executional abilities, I’d buy and hold BP shares for the long term. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Simply click below to discover how you can take advantage of this. Click here to claim your free copy of this special investing report now! 5 Stocks For Trying To Build Wealth After 50center_img Jay Yao has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Here’s what I think is next for BP’s dividend Markets around the world are reeling from the coronavirus pandemic…And with so many great companies trading at what look to be ‘discount-bin’ prices, now could be the time for savvy investors to snap up some potential bargains.But whether you’re a newbie investor or a seasoned pro, deciding which stocks to add to your shopping list can be daunting prospect during such unprecedented times.Fortunately, The Motley Fool is here to help: our UK Chief Investment Officer and his analyst team have short-listed five companies that they believe STILL boast significant long-term growth prospects despite the global lock-down…You see, here at The Motley Fool we don’t believe “over-trading” is the right path to financial freedom in retirement; instead, we advocate buying and holding (for AT LEAST three to five years) 15 or more quality companies, with shareholder-focused management teams at the helm.That’s why we’re sharing the names of all five of these companies in a special investing report that you can download today for FREE. If you’re 50 or over, we believe these stocks could be a great fit for any well-diversified portfolio, and that you can consider building a position in all five right away. Image source: Getty Images See all posts by Jay Yaolast_img read more

Read More →

Liberian official threatens to close media under state of emergency

first_imgNews RSF urges Liberian authorities to investigate threats against journalists Liberia is ranked 95th out of 180 countries in RSF’s 2020 World Press Freedom Index. News Organisation Follow the news on Liberia Reporters Without Borders (RSF) is alarmed by the Liberian solicitor general’s threats to shut down media outlets that spread “fake news” during a state of emergency to combat the Covid-19 epidemic. At a press conference on 29 April, solicitor general Sayma Syrenius Cephas threatened to seize the equipment and revoke the licenses of media outlets publishing or broadcasting “fake news.” Individuals spreading lies on social media, including Facebook, would also be hunted down and prosecuted during the state of emergency, he said. LiberiaAfrica Condemning abusesProtecting journalistsOnline freedomsMedia independence Covid19EnvironmentInternetJudicial harassment @analystliberiaonline.com The execution of such vaguely-worded threats could result in unwarranted and disproportionate curbs on the freedom to inform, RSF warned. Covid-19 emergency laws spell disaster for press freedom “A public health crisis does not justify any restriction on the right to information,” said Assane Diagne, the director of RSF’s West Africa office. “On the contrary, combatting an epidemic requires providing the public with accurate and extensive information. Vague threats about ‘fake news’ are also worrying. Who decides what is and what is not ‘fake news’?  The need to combat disinformation must not be used as a pretext for persecuting journalists and censoring media outlets that annoy the authorities.” “There will be no more warning,” he added, threatening to confiscate equipment and shut media “until the end of the pandemic.” Cephas also claimed that the state of emergency declared under article 87 of the constitution curtailed basic rights including the right to free speech and freedom of assembly. to go further LiberiaAfrica Condemning abusesProtecting journalistsOnline freedomsMedia independence Covid19EnvironmentInternetJudicial harassment December 16, 2020 Find out more News Receive email alerts RSF_en @RSF_Inter November 27, 2020 Find out more Help by sharing this information The 2020 pandemic has challenged press freedom in Africa May 5, 2020 Liberian official threatens to close media under state of emergency Reports The solicitor general issued these threats after it was rumoured that President George Weah had tested positive to Covid-19. The rumours went viral on Facebook a few days after several senior officials reportedly tested positive. They included the information and justice ministers, who had recently been in close contact with President Weah. June 12, 2020 Find out morelast_img read more

Read More →

Unbeatable – St Hugh’s star extends golden streak at Prep/Primary Swim Champs

first_imgTen-year-old Zaneta Alvaranga, the toast of at last Saturday’s 18th annual Mayberry Investments Primary and Prep Schools Swimming Championships, says she will be looking to remain unbeaten for the rest of her Prep school career and continue her rich vein of form at the high school level. The decades-old meet serves as one of the traditional development events for upcoming local swimmers. The St Hugh’s Prep swim star has been unbeaten for the last three years, while emphatically smashing a record per event. On this occasion, she copped four individual meet records and anchored her school to a relay record at the National Aquatics Centre. Her meet records include the 50m backstroke (girls 9-10) in 35:19 seconds; the 50m freestyle in 29:23; the girls 12 and under 100m freestyle in 1:07.08; and the 50m butterfly for girls 9-10 in 31.97. She also anchored her school to a new 200m freestyle relay record of two minutes, 33:71 seconds, for girls 9-10. “I feel good leaving with four individual medals and helping my team win a relay medal in all records. I didn’t get to train as much as I would have wanted to because of GSAT, but I feel good that I could finish victorious,” she told The Gleaner. Alvaranga is hoping to move on to the high school of her choice, Immaculate Conception High and her father/coach, Rory Alvaranga, says Immaculate will be the best choice, not only based on its successful swimming program, but “excellent Caribbean Examination Council (CXC) and Caribbean Advanced Proficiency Examination (CAPE) grades”. “If you give Zaneta a choice of swimming or school, she is going to choose the water,” he added of what he believes will be a natural choice for her to pursue eventually as a career. St Hugh’s Prep finished in fifth place on 109 points, with young Alvaranga earning the high point trophy award for the girls 9-10 age group after amassing 36 points.last_img read more

Read More →

Aggreko Extends 200 MW Ivory Coast Power Project to African Countries

first_imgThe world leader in the provision of temporary power and temperature control services has announced a three-year contract extension to its 200 MW gas-fired power project in Ivory Coast, with an option to extend this by a further two years.A carefully worded statement issued in Monrovia yesterday highlighted important energy successes relating to its expansion and extension programs in the West Africa sub-region.The statement however did not name any of the countries the Aggreko plant has extended its services to in the sub-region.The Aggreko plant in the Vridi area of Abidjan provides critical power to Ivory Coast and surrounding countries connected to the Ivory Coast grid.The facility was installed in 2010 with the first phase of the project producing 70 MW. This was later increased to 100 MW in 2011 and again increased to 200 MW in June 2013.With a booming economy and GDP growth of around 9%, the Ivory Coast’s demand for energy has been increasing steadily in recent years.The Aggreko plant injects vital capacity into the local grid, helping to keep essential infrastructure and services running, while also ensuring power supplies are maintained to both business and domestic users.“We are pleased to be extending the Aggreko project, which forms an important part of our program of strengthening the energy infrastructure across the country,” Amidou Traore, director general, CI-Energies noted.“The 200 MW supplied from the Aggreko plant is an important component of our energy generation mix and helps us maintain supply to our customers while we develop our long-term infrastructure programmes.” Mr. Traore asserted.Historically, economies across Africa are growing at a phenomenal rate, resulting in an increased strain on power generation, transmission and distribution infrastructure.By adding large-scale, fast-track interim power, countries can continue to supply the energy required to sustain economic growth while governments and state utilities work on bringing new generation capacity online.“Our project in Ivory Coast is a great example of the value Aggreko brings to its utility customers in Africa,” Christophe Jacquin, managing director, Aggreko North and West Africa indicated.“Our solutions address shortages in power generation capacity, giving our customers the ability to maintain supply while they work to improve their systems.” Mr. Jacquin stressed.Aggreko maintains a strong presence in Ivory Coast and views the country as a vital platform in its West African operations. In addition to the Abidjan plant, Aggreko also runs its West African youth training initiative, The Aggreko Technical University in Ivory Coast.The program involves an intensive training syllabus incorporating advanced technical, engineering and project operations modules.Graduates have access to fast-track employment opportunities within technical and project operations positions in the Ivory Coast and other locations in Aggreko’s network of international power projects.The programme has so far seen 18 Ivorian and West African engineers trained with 14 of these going on to graduate and join Aggreko in various locations across Africa.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Read More →

Authorities: Indonesia AirAsia flight lost

first_imgIndonesia authorities have declared the Indonesia AirAsia A320 operating flight QZ8501 from Surabaya to Singapore with 162 aboard which went missing Sunday as lost at the bottom of the Java Sea.Sightings by the crew of an Australian plane, a P3 Orion, of suspicious objects 1,100km from where contact was lost the Indonesia AirAsia aircraft are not believed to be from the A320. Today Indonesia’s National Search and Rescue Agency chief Bambang Soelistyo told a press conference that “based on the coordinates given to us and evaluation that the estimated crash position is in the sea, the hypothesis is the plane is at the bottom of the sea.” A multinational search and rescue team has so far failed to find any confirmed trace of the flight despite 12 ships, three helicopters and seven planes scouring an area 220 km south east of Belitung Island in the Java Sea where radar contact was lost.Severe weather impact is thought to be responsible for the apparent loss of the six year old aircraft.A leaked radar screenshot from AirNav Indonesia, the air traffic controller, obtained by AirlineRatings.com shows that the A320 had critically lost 200km/hour in ground airspeed in a matter of minutes and it could no longer sustain flight at the altitude it was flying. The forecast winds at 32,000ft were for a tailwind of about 30km/hour, although that could have changed significantly. However other aircraft in the vicinity were travelling at normal speeds. Air traffic controllers lost contact with the A320 just five minutes after crew requested a deviation of their flight route to avoid storms. One minute after that the transponder signals disappeared indicating a catastrophic failure. An experienced A320 captain told AirlineRatings.com that the crew may have been deceived by the aircraft’s radar, which was not the latest model available. However the plane’s commander Captain Iriyanto was a 20,537 veteran of which 6100 hours was with Indonesia Air Asia. The co-pilot was Rémi Emmanuel Plesel, who had a total of 2,275 flying hours with AirAsia Indonesia.According to the Indonesia Ministry of Transport the plane took off at a takeoff weight of 63,624kg under its maximum of 70,796kg.In shades of the initial search for MH370 which disappeared on March 8, it was revealed yesterday that it was almost one hour after contact was lost with QZ8501 that an “aircraft position uncertain” alert was issued and a full 98 minutes before a distress alert was declared by air traffic control.Indonesia’s Meteorology and Geophysics Agency said that thunderstorms were detected up to 13,400 metres in the same area at the time the A320 was reported to have lost contact.Indonesia, Singapore, Malaysia and Australia are involved in the search and rescue operation.last_img read more

Read More →

Closing date extended for entries to the 4th annual Premier Business Awards

first_imgThe closing date for the 4th Annual South African Premier Business Awards entries has been extended to 7 October 2016.  This is a final opportunity for businesses to enter these prestigious and premier business awards to be recognised for their contribution to South African economic priorities.Business enterprises are invited to submit entries in a range of categories, including technology, manufacturing and women in business.These annual awards, which are organised by the Department of Trade and Industry (the dti), Brand South Africa and Proudly South African, recognise business excellence and celebrate enterprises that promote the spirit of success and innovation as well as job creation, good business ethics and quality.The seven days’ extension will offer business enterprises an opportunity to put together all necessary documents to enter for the awards in order to be recognised for their excellence.Categories for the awards include: Lifetime Achievement Award, Manufacturers Award, Exporters Award, Enterprise Development Support Award, Women-Owned Businesses Award, Young Entrepreneur Award, Investor of the Year Award, Proudly South African Enterprise Award, Play Your Part Award, SMME Award and Black Industrialist Award.More information on the South African Premier Business Awards, competition rules and entry forms is available on www.sapremierbusinessawards.co.za or 0861 843 384.Enquiries:Sidwell Medupe – Departmental SpokespersonTel: (012) 394 1650Mobile: 079 492 1774E-mail: [email protected] by: The Department of Trade and IndustryFollow us on Twitter: @the_dtilast_img read more

Read More →

Steve Kerr speaks out on US shootings, Obama White House visits

first_imgDon’t miss out on the latest news and information. Two-day strike in Bicol fails to cripple transport Sports Related Videospowered by AdSparcRead Next “My novice analysis was it was not a particularly well-played game, but again, the result was the desired one for Liverpool fans,” Kerr said. Kerr, guiding the defending champions in the NBA Finals for the fifth year in a row, said he hopes a younger US generation that has lived under the fear of mass shootings might force a change in American gun-ownership laws.“The young generation, the March For Our Lives generation, has really inspired me,” Kerr said.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“So I offer my support to them and to all young people, and hope that we can create a change where we don’t all have to walk around scared we’re going to get shot in our country.”Police say the shootings Friday at a municipal building in Virginia Beach, Virginia, were by public works department engineer DeWayne Craddock. Kerr said he was not aware Obama would attend until “a little while” before he spoke to the media and recalled the Warriors’ visit to Obama’s White House after the team’s 2015 NBA crown as a great moment.“The White house visit, for sure, after the 2015 championship,” Kerr said. “That was quite a thrill to visit there and have the whole team there. It was a treat to experience that.”What went unsaid was the team’s decision not to visit US President Donald Trump in the White House after winning the NBA titles the past two seasons.No visits to TrumpWarriors star guard Stephen Curry said after Golden State’s 2017 title that he wouldn’t go to the Trump White House. A White House invitation was later rescinded by Trump after Curry and others had already said they wouldn’t attend.That prompted NBA star LeBron to call Trump a “bum” on Twitter and add, “Going to White House was a great honor until you showed up!”Last year, Warriors stars Curry and Kevin Durant and James said during the finals they would not attend a White House celebration if their team won.Kerr called Trump a “blowhard” and “ill-suited” to be president in 2017.Kerr was an 18-year-old college freshman in January 1984 when his father Malcolm, then president of American University of Beirut, was shot in the back of the head.As a player, Kerr won five NBA titles, three with the Chicago Bulls and two with San Antonio. He has coached the Warriors to three titles in four seasons and seeks another this year.Kerr, a Liverpool supporter, did strike a lighter tone in congratulating the club for beating Tottenham Hotspur in the Champions League final. Golden State Warriors head coach Steve Kerr wears a “Vote for our Lives” shirt to a news conference before Game 2 of basketball’s NBA Finals against the Toronto Raptors in Toronto, Sunday, June 2, 2019. (Neil Davidson/The Canadian Press via AP)Golden State Warriors coach Steve Kerr on Sunday urged Americans to vote for gun-control candidates in the wake of a US shooting rampage that left 12 dead and four wounded.The tragedy spurred action by Kerr, whose university president father was fatally shot in 1984 in Lebanon by a Shia militia known as Islamic Jihad.ADVERTISEMENT WATCH: Kawhi Leonard’s 34 not enough in Game 2 LATEST STORIES 2 dead in California school attack; gunman shoots self PLAY LIST 03:122 dead in California school attack; gunman shoots self01:42Police: California school shooting took 16 seconds00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Catholic schools seek legislated pay hike, toocenter_img DA eyes importing ‘galunggong’ anew Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue View comments Private companies step in to help SEA Games hosting ‘Rebel attack’ no cause for concern-PNP, AFP Duterte wants probe of SEA Games mess According to the Washington-based Gun Violence Archive monitoring group, it was the 150th mass shooting, with four or more people shot or killed, in the United States this year.Kerr, whose Warriors are facing the Toronto Raptors for the NBA crown, wore a T-shirt with the message “Vote For Our Lives” on the front to a pre-game news conference ahead of Sunday’s second game of the best-of-seven championship series.“The shirt has everything to do with the tragedy in Virginia Beach a couple days ago and how devastated so many families are and so many people are,” Kerr said.“The shirt is a reminder that the only way we can get out of this mess is to actually vote, and to vote for people who are going to be willing to create some change in our gun laws in our country.”Kerr’s remarks came only minutes before the tipoff of a contest in Toronto which former US President Barack Obama was slated to attend.ADVERTISEMENT MOST READ Cayetano: Senate, Drilon to be blamed for SEA Games messlast_img read more

Read More →

TCI Govt forced to reorganise spending includes hiring freeze

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, November 13, 2017 – Providenciales – Turks and Caicos revenue has taken a severe hit according to Premier and Finance Minister Sharlene Robinson; 65% down for September which was the month of Hurricanes Irma and Maria.   At the Public Meeting in Provo on Monday evening it was revealed that a projected $20m in recurrent revenue is dwindled to $7m intake for the month of September instead; representing a 65% decline.   October figures are not yet ready explained Premier Robinson, but they are expected to also reflect a dip.The TCI will have to borrow next year despite having the stipulated cash reserves in the bank; these reserves were said to be $101m.    This cash reserves money, shared the Premier, is mandatorily saved, allowing the country to have 90 days of operational expenditure on hand at all times.  Still the TCI is in a fragile state; spending dramatically outpacing income.   The remedy?  Immediate streamlining said the leader in the PDM Administration.The Premier said Cabinet will tomorrow receive the financial recovery plan and the formula is simple: ‘cut down on Government Expenditure.’   The streamline plan will mean a freeze on government hiring, reprioritizing of the EDF money from the European Union to rebuild schools instead of adding a new one and the shelving of some Capital projects.   Bills to TCIG following Hurricane Irma are already up to $1.2m and the money to pay the invoices will be taken from the Contingency Fund said the Finance Minister.The Caribbean Disaster Management Agency (CDEMA) report exposed that about 80% of buildings across the country were damaged.  Government had major structural losses and an estimate to rebuild has climbed to over $10m, not including furniture replacement.The Premier during her presentation said an additional $400,000 came in as a result of the country’s claim following Hurricane Maria from the CCRIF.   In all, over $15m was received from the Caribbean Catastrophe Risk Insurance Facility.The Turks and Caicos was blessed with £50,000 from the Falkland Islands; three new trucks from Gibraltar; $10,000 from a private company in The Bahamas and a commitment of $200,000 from the Caribbean Development Bank.There were reports from all Ministers including Education, Tourism, Home Affairs and Infrastructure.  The Border Control and Health ministers were not at the public meeting held at the Graceway Sports Complex.#MagneticMediaNews#Provopublicmeeting Related Items:#magneticmedianews, #Provopublicmeetinglast_img read more

Read More →