L-chan (mellowcandle) wrote,

  • Mood:

riding it down to zero

BP said in a statement that it has canceled a dividend payment -- totaling about $2.6 billion -- scheduled for June 21 and that it won't declare a dividend for the second and third quarters.

Svanberg also confirmed that the British oil giant has agreed to set aside an initial $20 billion to pay the victims of the oil spill in the Gulf of Mexico.

Obama and key members of Congress in recent weeks have pressed BP to suspend the dividend payment and give assurances that the company will meet its commitments to Gulf coast residents and businesses economically harmed by the spill.

Because I needed more reasons to hate Obama.

Shareholders are entitled to their dividends, asshole.

We've already lost half our share value. Now we're losing our dividend income.

I hate him so, so much.
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