BP 2013 Annual Report Download - page 162

12. Dividends
The quarterly dividend expected to be paid on 28 March 2014 in respect of the fourth quarter 2013 is 9.5 cents per ordinary share ($0.57 per American
Depositary Share (ADS)). The corresponding amount in sterling will be announced on 17 March 2014. A scrip dividend alternative is available, allowing
shareholders to elect to receive their dividend in the form of new ordinary shares and ADS holders in the form of new ADSs.
Pence per share Cents per share $ million
2013 2012 2011 2013 2012 2011 2013 2012 2011
Dividends announced and paid in cash
Preference shares 222
Ordinary shares
March 6.0013 5.0958 4.3372 9.0 8.0 7.0 1,621 1,211 808
June 5.8342 5.1498 4.2809 9.0 8.0 7.0 1,399 1,448 794
September 5.7630 5.0171 4.3160 9.0 8.0 7.0 1,245 1,417 1,224
December 5.8008 5.5890 4.4694 9.5 9.0 7.0 1,174 1,216 1,244
23.3993 20.8517 17.4035 36.5 33.0 28.0 5,441 5,294 4,072
Dividend announced, payable in March 2014 9.5 1,733
The details of the scrip dividends issued are shown in the table below.
2013 2012 2011
Number of shares issued (thousand) 202,124 138,406 165,601
Value of shares issued ($ million) 1,470 982 1,219
The financial statements for the year ended 31 December 2013 do not reflect the dividend announced on 4 February 2014 and expected to be paid in
March 2014; this will be treated as an appropriation of profit in the year ended 31 December 2014.
13. Earnings per ordinary share
Cents per share
2013 2012 2011
Basic earnings per share 123.87 57.89 133.35
Diluted earnings per share 123.12 57.50 131.74
Basic earnings per ordinary share amounts are calculated by dividing the profit for the year attributable to ordinary shareholders by the weighted
average number of ordinary shares outstanding during the year. The average number of shares outstanding excludes treasury shares and the shares
held by the Employee Share Ownership Plan trusts (ESOPs) and includes certain shares that will be issuable in the future under employee share-based
payment plans.
For the diluted earnings per share calculation, the weighted average number of shares outstanding during the year is adjusted for the dilutive effect of
shares that are potentially issuable in connection with employee share-based payment plans using the treasury stock method.
$ million
2013 2012 2011
Profit attributable to BP shareholders 23,451 11,017 25,212
Less: dividend requirements on preference shares 222
Profit for the year attributable to BP ordinary shareholders 23,449 11,015 25,210
Shares thousand
2013 2012 2011
Basic weighted average number of ordinary shares 18,931,021 19,027,929 18,904,812
Potential dilutive effect of ordinary shares issuable under employee share-based payment plans 115,152 129,959 231,388
19,046,173 19,157,888 19,136,200
The number of ordinary shares outstanding at 31 December 2013, excluding treasury shares and the shares held by the ESOPs, and including certain
shares that will be issuable in the future under employee share-based payment plans was 18,611,489,958. Between 31 December 2013 and
18 February 2014, the latest practicable date before the completion of these financial statements, there was a net decrease of 171,061,543 in the
number of ordinary shares outstanding as a result of share issues in relation to employee share-based payment plans. During the same period, the
group repurchased 195 million of its own ordinary shares as part of the share repurchase programme announced on 22 March 2013.
Employee share-based payment plans
The group operates share and share option plans for directors and certain employees to obtain ordinary shares and ADSs in the company. Information
on these plans for directors is shown in the Directors remuneration report on page 81.
158 BP Annual Report and Form 20-F 2013