Cindypoonyw
2021-08-05
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Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗?</blockquote>
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So,","content":"<p>With the <a href=\"https://laohu8.com/S/BP\">BP PLC</a> share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?</p><p><blockquote>与<a href=\"https://laohu8.com/S/BP\">BP PLC</a>股价接近303便士,2022年前瞻性股息收益率约为5%。那么,股息安全吗?</blockquote></p><p> In attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.</p><p><blockquote>在试图回答这个问题时,我首先要指出的是,英国石油公司的股息并不安全。例如,2019年的历史股息收益率约为9.7%,高于明年的预期收益率。原因是董事们削减了股东股息支付。</blockquote></p><p> <h3><b>BP’s shrinking dividends</b></h3> 2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And it’s the wrong way!</p><p><blockquote><h3><b>英国石油公司股息缩水</b></h3>2019 年的股息为每股 41 美分,2020 年为每股 32 美分,金融城分析师预计 2022 年的股息约为 21 美分。旅行的方向很明确。而且方式不对!</blockquote></p><p> In fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.</p><p><blockquote>公平地说,2020年油价暴跌。这反映在英国石油公司运营现金流的崩溃上。值得庆幸的是,今年油价有所回升,英国石油公司的现金流也有所回升。不过,在等待股息回升到以前的水平时,我并没有屏住呼吸。我认为英国石油公司面临的挑战远不止油价波动那么大。</blockquote></p><p> After all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.</p><p><blockquote>毕竟,世界正在努力摆脱使用石油。从长远来看,英国石油公司的传统石油业务似乎将走下坡路。我认为,董事们之前关于股东分红的决定表明,公司未来将面临不确定的时期。至少,这是我对形势的解读。</blockquote></p><p> But, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s second-quarter report was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.</p><p><blockquote>但是,当然,英国石油公司不会只是翻滚等待到期。上周二发布的第二季度报告对公司在拓展太阳能、海上风力发电机、便利店和电动汽车充电站等新业务方面取得的进展持乐观态度。</blockquote></p><p> <h3><b>Good progress with the integrated energy strategy</b></h3> Chief executive Bernard Looney said the company is making<i>“good progress”</i>with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance<i>“while investing for the future in a disciplined way.”</i></p><p><blockquote><h3><b>综合能源战略取得良好进展</b></h3>首席执行官伯纳德·鲁尼表示,公司正在<i>“进展顺利”</i>其战略是成为一家综合能源公司。强劲的油价帮助公司实现了强劲的财务业绩<i>“同时以有纪律的方式为未来投资”。</i></blockquote></p><p> BP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.</p><p><blockquote>英国石油公司实际上将季度股息提高了 4%,并承诺启动 14 亿美元的股票回购计划。鲁尼表示,上半年盈余现金流将为这些举措提供资金。但我认为使用 “盈余 ”一词是有问题的。毕竟,英国石油公司在第二季度末仍背负着约 330 亿美元的净债务,尽管在此期间设法大幅减少了借款。</blockquote></p><p> When it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.</p><p><blockquote>说到现金流,强劲的油价是英国石油公司的朋友。但油价完全有可能再次循环下跌。可能还需要几年时间,替代业务才能使石油收入的影响变得微不足道。</blockquote></p><p> BP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.</p><p><blockquote>在我看来,英国石油公司的未来将包括发展新的绿色能源业务和管理旧石油业务的衰落。英国石油公司的整体业务有可能在未来几年实现净增长。</blockquote></p><p> But, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.</p><p><blockquote>但对我来说,公司的未来看起来并不确定。因此,我不会选择这只股票作为我的股息主导投资之一。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗?</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs BP’s shareholder dividend safe?<blockquote>英国石油公司的股东股息安全吗?</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Motley Fool</strong><span class=\"h-time small\">2021-08-05 14:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>With the <a href=\"https://laohu8.com/S/BP\">BP PLC</a> share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?</p><p><blockquote>与<a href=\"https://laohu8.com/S/BP\">BP PLC</a>股价接近303便士,2022年前瞻性股息收益率约为5%。那么,股息安全吗?</blockquote></p><p> In attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.</p><p><blockquote>在试图回答这个问题时,我首先要指出的是,英国石油公司的股息并不安全。例如,2019年的历史股息收益率约为9.7%,高于明年的预期收益率。原因是董事们削减了股东股息支付。</blockquote></p><p> <h3><b>BP’s shrinking dividends</b></h3> 2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And it’s the wrong way!</p><p><blockquote><h3><b>英国石油公司股息缩水</b></h3>2019 年的股息为每股 41 美分,2020 年为每股 32 美分,金融城分析师预计 2022 年的股息约为 21 美分。旅行的方向很明确。而且方式不对!</blockquote></p><p> In fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.</p><p><blockquote>公平地说,2020年油价暴跌。这反映在英国石油公司运营现金流的崩溃上。值得庆幸的是,今年油价有所回升,英国石油公司的现金流也有所回升。不过,在等待股息回升到以前的水平时,我并没有屏住呼吸。我认为英国石油公司面临的挑战远不止油价波动那么大。</blockquote></p><p> After all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.</p><p><blockquote>毕竟,世界正在努力摆脱使用石油。从长远来看,英国石油公司的传统石油业务似乎将走下坡路。我认为,董事们之前关于股东分红的决定表明,公司未来将面临不确定的时期。至少,这是我对形势的解读。</blockquote></p><p> But, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s second-quarter report was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.</p><p><blockquote>但是,当然,英国石油公司不会只是翻滚等待到期。上周二发布的第二季度报告对公司在拓展太阳能、海上风力发电机、便利店和电动汽车充电站等新业务方面取得的进展持乐观态度。</blockquote></p><p> <h3><b>Good progress with the integrated energy strategy</b></h3> Chief executive Bernard Looney said the company is making<i>“good progress”</i>with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance<i>“while investing for the future in a disciplined way.”</i></p><p><blockquote><h3><b>综合能源战略取得良好进展</b></h3>首席执行官伯纳德·鲁尼表示,公司正在<i>“进展顺利”</i>其战略是成为一家综合能源公司。强劲的油价帮助公司实现了强劲的财务业绩<i>“同时以有纪律的方式为未来投资”。</i></blockquote></p><p> BP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.</p><p><blockquote>英国石油公司实际上将季度股息提高了 4%,并承诺启动 14 亿美元的股票回购计划。鲁尼表示,上半年盈余现金流将为这些举措提供资金。但我认为使用 “盈余 ”一词是有问题的。毕竟,英国石油公司在第二季度末仍背负着约 330 亿美元的净债务,尽管在此期间设法大幅减少了借款。</blockquote></p><p> When it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.</p><p><blockquote>说到现金流,强劲的油价是英国石油公司的朋友。但油价完全有可能再次循环下跌。可能还需要几年时间,替代业务才能使石油收入的影响变得微不足道。</blockquote></p><p> BP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.</p><p><blockquote>在我看来,英国石油公司的未来将包括发展新的绿色能源业务和管理旧石油业务的衰落。英国石油公司的整体业务有可能在未来几年实现净增长。</blockquote></p><p> But, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.</p><p><blockquote>但对我来说,公司的未来看起来并不确定。因此,我不会选择这只股票作为我的股息主导投资之一。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.fool.co.uk/investing/2021/08/05/is-bps-shareholder-dividend-safe/\">The Motley Fool</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BP..UK":"BP PLC","BP":"英国石油"},"source_url":"https://www.fool.co.uk/investing/2021/08/05/is-bps-shareholder-dividend-safe/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160204013","content_text":"With the BP PLC share price near 303p, the forward-looking dividend yield is around 5% for 2022. So, is the dividend safe?\nIn attempting to answer that question, I’d first point out the BP dividend hasn’t been safe. For example, the historical dividend yield for 2019 is around 9.7% — higher than the anticipated yield for next year. And the reason for that is the directors have slashed shareholder dividend payments.\nBP’s shrinking dividends\n2019’s dividend was 41 US cents per share, 2020’s 32 cents, and City analysts have pencilled in a payment of around 21 cents for 2022. The direction of travel is clear. And it’s the wrong way!\nIn fairness, there was a plunge in oil prices in 2020. And that was reflected in a collapse of BP’s operating cash flow. This year, thankfully, the oil price has recovered somewhat and so has BP’s cash flow. Nevertheless, I’m not holding my breath while waiting for the dividend to rise back to former levels. I reckon BP has much greater and longer-term challenges than a mere fluctuating oil price.\nAfter all, the world is trying to move away from using oil. And in the long term, BP’s traditional oil business looks set to decline. I reckon the directors’ previous decisions about shareholder dividends are indicating that uncertain times are ahead for the business. At least, that’s my reading of the situation.\nBut, of course, BP isn’t just rolling over and waiting to expire. Last Tuesday’s second-quarter report was upbeat about the firm’s progress expanding new lines of business, such as solar power, offshore wind generators, convenience stores, and electric vehicle charging points.\nGood progress with the integrated energy strategy\nChief executive Bernard Looney said the company is making“good progress”with its strategy to become an integrated energy company. And the strong oil price helped the company deliver a strong financial performance“while investing for the future in a disciplined way.”\nBP actually increased its quarterly dividend by 4% and pledged to begin a $1.4bn share buyback programme. Looney said surplus first-half cash flow would finance the moves. But I reckon using the word ‘surplus’ is questionable. After all, BP still carried a net debt pile of around $33bn at the end of the second quarter despite managing to reduce its borrowings a fair bit in the period.\nWhen it comes to cash flow, the strong oil price is BP’s friend. But oil prices are more than capable of cycling down again. And it will probably be years before alternative lines of business render the effects of oil revenue insignificant.\nBP’s future looks to me like it will involve growing its new, green energy businesses and managing the decline of its old oil business. It’s possible the overall BP business will grow as a net result in the years ahead.\nBut, to me, the company’s future looks uncertain. So I’m not selecting the stock as one of my dividend-led investments.","news_type":1,"symbols_score_info":{"BP..UK":0.9,"BP":0.9}},"isVote":1,"tweetType":1,"viewCount":2338,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/899040098"}
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