5 UK Dividend Stocks To Buy

3. BP p.l.c. (NYSE:BP)

Dividend Yield as of March 29: 4.43%

Number of Hedge Fund Holders: 26

BP p.l.c. (NYSE:BP) is a London-based energy business that sells natural gas and biofuels, in addition to operating renewable power generation facilities. BP p.l.c. (NYSE:BP)’s dividend yield on March 29 stood at 4.43%. 

On February 8, BP p.l.c. (NYSE:BP) reported earnings for the fourth quarter, posting an EPS of $1.23, beating estimates by $0.09. Revenue over the period jumped roughly 13% year-over-year to $50.55 billion, ahead of market consensus by $26.07 billion. 

BP p.l.c. (NYSE:BP) declared on February 10 a $0.3276 per share quarterly dividend, in line with previous. The dividend was distributed on March 25, to shareholders of record on February 18. 

The company announced on March 25 plans to spend £1 billion to expand electric vehicle charging in the United Kingdom over the next decade to meet increasing demand for green energy. This investment will triple the number of public charging stations in BP p.l.c. (NYSE:BP)’s UK networks.

On March 23, Deutsche Bank analyst James Hubbard reiterated a Buy recommendation on BP p.l.c. (NYSE:BP), but lowered the price target on the shares to £450 from £455. 

According to the Q4 database of Insider Monkey, 26 hedge funds were bullish on BP p.l.c. (NYSE:BP), compared to 29 funds in the previous quarter. Fisher Asset Management is the biggest shareholder of the company, with 13.7 million shares worth over $367 million.