Gulf Residents Miffed By BP Resuming Dividends

By: Associated Press Email
By: Associated Press Email

BP's decision to resume paying dividends is rankling Gulf Coast residents who see it as another sign the company wants to move on even though many are still suffering from last year's massive oil spill.

Oil still stains marshes along Louisiana's fragile coast and
tens of thousands of victims are waiting for final payments from a
$20 billion compensation fund, while a large number of people
haven't received any money at all.

The 7 cents per ordinary share payable to BP shareholders March
28, or about $1.25 billion overall, isn't a lot by BP's standards.
But Gulf residents frowned on the idea Tuesday of going back to
business as usual.

BP announced in June that it would not pay dividends to
shareholders for the rest of 2010.

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