Bloomberg News

BP May Pay Interim Dividend; Glaxo, Mapfre Might Boost Payouts

October 21, 2011

Oct. 21 (Bloomberg) -- BP Plc, Europe’s second-largest oil company, may pay out its first third-quarter interim dividend to shareholders since 2009, according to data compiled by Bloomberg.

BP will probably pay 7 cents in its first interim payout in the third quarter since the 2010 explosion at its Macondo oil well, which led to the world’s largest accidental oil spill.

GlaxoSmithKline Plc, the U.K.’s largest drugmaker, will increase its dividend to shareholders by 6.3 percent to 17 pence a share, according to Bloomberg Dividend Forecasts that factor in earnings and options prices. Mapfre SA, the Spanish insurer, might raise its interim payout by 7.2 percent to 7.5 euro cents.

Companies in the Stoxx Europe 600 Index may boost shareholder payouts by 18 percent over the next 12 months, according to estimates compiled by Bloomberg. Earnings per share are forecast to grow 19 percent over the same period.

The Stoxx 600 has risen 0.1 percent this week as concern eased that the euro area’s leaders are far from agreeing on a plan to end the region’s debt crisis. The gauge jumped 2.5 percent to 238.85 at 3:51 p.m. in London.

--Editors: Will Hadfield, Andrew Rummer

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


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