BP Dividend a Positive Signal to Investors: Swint

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Oct. 29 (Bloomberg) -- Bloomberg News’ Brian Swint examines the surprise move by BP to raise its dividend and what it signals for investors. He speaks on Bloomberg Television’s “On The Move.”

B.p. said a lot today.

They beat stims but what is really surprising is this dividend increase.

That's right.

Not a lot of people saw this coming.

It is just a way for fwop say we're confident that -- b.p. to say that we are confident that we will have cash flows in the future.

They are still 1/3 lower than they were before the spill.

This is the c.e.o. bob dudley's way of saying we will be profit nbdl the future.

They changed the provision for the settlement they had a year ago.

They had a small court victory.

They got a review of that.

They felt that lots of claims were being rewarded unfairly.

It is still $32 billion where we're stuck at litigation in the states.

People want to know about dividends today and then dwestments and litigations.

They said they would sell another $10 billion of assets on top of the $38 billion they just finished.

They want to make themselves even stronger.

Things that have more value to other people.

It is just a way of keeping the company focused.

You're somewhat of an expert on b.p. the c.e.o. is saying stick with me.

We're going to do better.

We talked about b.p. turning a corner.

This is not it.

This is just a sign of confidence?

I think that is right.

They still have production following because they have been selling off so many assets for so long now.

They are focusing on the most profitable fields.

They have not shown up on the earnings the sames yet.

I think things will really start to turn around when you start to see production rise and when you some more clarity on what's going to go on in the states.

Thank you so much.

This text has been automatically generated. It may not be 100% accurate.

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