Every month, we ask our freelance writers to share their top ideas for dividend stocks to buy with you — here’s what they said for March!
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BP
What it does: BP is an end-to-end oil and gas company, conducting business from exploration through to the selling of refined products.
By Jon Smith. The release of the full-year results for BP (LSE:BP.) in February caused the share price to spike. Even though certain profit measures fell versus 2022, it was a solid report.
This meant that the quarterly dividend per share was kept the same, with a current dividend yield of 4.79%.
Looking forward, I believe BP is in a good place for the coming year. It was able to reduce net debt to the lowest level in a decade, which should ease pressure for 2024. With strong operating cash flow of $32bn, I also don’t see a problem with paying out…
