BP Dividend Investors Richer Since The Oil Spill

Imagine, for a moment, that we could go back in time to 2010 when BP was trading at $43 per share before the oil spill. Someone who considered the stock would have a seen a vast oil conglomerate with a 5% dividend yield that had a multi-decade track record of increasing the dividend over every five-year rolling period. If you wanted high current income, BP was exactly the kind of company you would want to own. It had a dominant franchise, a strong history, and the financials appeared to be trending upward.

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