Bloomberg News

BP, Eni May Increase Dividends Next Week; Fresnillo Might Reduce

July 27, 2012

BP Plc (BP/), Eni (ENI) SpA and Standard Chartered Plc are among 24 companies in the Stoxx Europe 600 Index that may raise their dividends next week, according to data compiled by Bloomberg.

BP, Europe’s second-largest oil producer, might boost its payout to shareholders by 14 percent to 7 cents a share, according to Bloomberg Dividend Forecasts that factor in earnings and options prices. Eni, Italy’s biggest oil company, could increase its dividend by 1.9 percent to 53 euro cents. Standard Chartered (STAN), the U.K.’s second-largest bank by market value, will raise its interim payout by 12 percent to 27.8 cents per share.

Companies in the Stoxx 600 (SXXP) may boost shareholder payouts by 11 percent in the next 12 months, according to estimates compiled by Bloomberg. Per-share earnings are forecast to grow 55 percent in that period.

Reckitt Benckiser Group Plc (RB/), the maker of Dettol handwash, will probably raise its interim dividend next week, by 3.6 percent to 57 pence, while Shire Plc (SHP), the Dublin-based maker of Adderall, may do so by 21 percent to 2.9 cents. BAE Systems Plc (BA/), Europe’s biggest weapons maker, could boost its dividend by 5.3 percent to 7.9 pence.

Fresnillo Plc (FRES), the world’s largest primary silver producer, might cut its payout by 13 percent to 18.2 cents.

The Stoxx 600 has lost 0.2 percent so far this week amid worse-than-expected economic data in the U.S. and Europe, and as Spanish bond yields surged above 7 percent, reigniting concern that Europe’s debt crisis is yet to be contained. The gauge advanced 0.4 percent to 257.71 at 12:54 p.m. in London today.

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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