In regulatory filing, BP indicates it WILL pay $2.63 billion quarterly dividend on June 21st, 2010.

[Statistical]

For holders of American depositary shares of BP (NYSE:BP), the company announced they will receive a dividend for the quarter, which had had political pressure exerted to keep that from happening.

BP said in a regulatory filing that they'll award shareholders with a dividend of 84 cents a share for the quarter, payable to shareholders of record as of May 7, and payable on June 21.

http://drippingoil.blogspot.com/2010/06/bp-nysebp-will-pay-dividend.html

$0.84 per share * 3,130,000,000 shares = $2,629,200,000 in cash which will be transferred on June 21st.

That is just qtr payment on June 21st. Annually that 4 payments so $2,629,000,000 * 4 = $10,516,800,000

One strange thing is the very short window. usually companies file their dividend date well in advance.
Filing 12 days before payment (8 business days) is rather short I believe.

[AndyA]

1. Disgraceful.

No more subsidies for oil companies! Enough is enough!!

[blindpig]

2. Expropriate without compensation now.

[Statistical]

3. Not sure how valid this is but on twitter.

newsaudit‎: Accounting 101: Once a company board of directors has declared a dividend to shareholders, they are legally obliged to pay it. #BP #oilspill

[Statistical]

4. Another source as confirmation....

BP PLC said its board will pay a first-quarter interim dividend of 14 cents a share, or 84 cents per American depositary share, according to a Securities and Exchange Commission filing Tuesday. The dividend, which will be paid June 21 to shareholders of record as of May 7, is for the quarter that preceded the April 20 blowout in the Gulf of Mexico.

http://www.marketwatch.com/story/bp-to-pay-first-quarter-interim-dividend-2010-06-08

[Statistical]

5. Kick. (Only $2.63 billion).