Cindypoonyw
2021-08-05
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Is BP’s shareholder dividend safe?<blockquote>BP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\">英国石油公司</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。原因是董事们大幅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32美分,金融城分析师预计2022年的股息约为21美分。行进方向明确。而且走错了路!</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。尽管如此,我并没有屏住呼吸等待股息回升到以前的水平。我认为英国石油公司面临的挑战比单纯的油价波动要大得多、更长期。</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,世界正试图摆脱使用石油。从长远来看,英国石油公司的传统石油业务似乎将会衰落。我认为董事们之前关于股东股息的决定表明该业务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,英国石油公司并不只是翻身等待到期。上周二的第二季度报告对该公司拓展太阳能、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(Bernard Looney)表示,公司正在<i>“进展良好”</i>其战略是成为一家综合能源公司。强劲的油价帮助该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>BP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,上半年现金流盈余将为这些举措提供资金。但我认为使用“盈余”这个词是有问题的。毕竟,尽管BP在此期间设法大幅减少了借款,但截至第二季度末,其净债务仍约为330亿美元。</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。但油价完全有能力再次下跌。替代业务线可能还需要数年时间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涉及发展其新的绿色能源业务和管理其旧石油业务的衰落。未来几年,英国石油公司的整体业务可能会净增长。</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>但是,对我来说,公司的未来看起来不确定。因此,我不会选择该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>BP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>BP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\">英国石油公司</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。原因是董事们大幅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32美分,金融城分析师预计2022年的股息约为21美分。行进方向明确。而且走错了路!</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。尽管如此,我并没有屏住呼吸等待股息回升到以前的水平。我认为英国石油公司面临的挑战比单纯的油价波动要大得多、更长期。</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,世界正试图摆脱使用石油。从长远来看,英国石油公司的传统石油业务似乎将会衰落。我认为董事们之前关于股东股息的决定表明该业务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,英国石油公司并不只是翻身等待到期。上周二的第二季度报告对该公司拓展太阳能、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(Bernard Looney)表示,公司正在<i>“进展良好”</i>其战略是成为一家综合能源公司。强劲的油价帮助该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>BP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,上半年现金流盈余将为这些举措提供资金。但我认为使用“盈余”这个词是有问题的。毕竟,尽管BP在此期间设法大幅减少了借款,但截至第二季度末,其净债务仍约为330亿美元。</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。但油价完全有能力再次下跌。替代业务线可能还需要数年时间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涉及发展其新的绿色能源业务和管理其旧石油业务的衰落。未来几年,英国石油公司的整体业务可能会净增长。</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>但是,对我来说,公司的未来看起来不确定。因此,我不会选择该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":"英国石油","BP..UK":"BP PLC"},"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":1793,"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,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/899040098"}
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