US senators urge BP to suspend shareholder dividends

WASHINGTON, June 2 (BestGrowthStock) – BP should suspend any plans
to pay out shareholder dividends until the full costs for
cleaning up the massive Gulf of Mexico oil spill are
calculated, U.S. Senators Charles Schumer and Ron Wyden said on
Wednesday.

“We find it unfathomable that BP would pay out a dividend
to shareholders before the total cost of BP’s oil spill
clean-up is estimated,” the senators wrote in a letter to BP
CEO Tony Hayward.

Both senators are Democrats and Schumer is a member of the
Senate Democratic leadership team.

Stock Report

(Reporting by Richard Cowan, Editing by Sandra Maler)

US senators urge BP to suspend shareholder dividends