10 Best FTSE Dividend Stocks To Buy Now

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

Dividend Yield as of January 3: 6.30%

Number of Hedge Fund Holders: 36

BP p.l.c. (NYSE:BP) provides carbon products and services across different sectors. The company is involved in producing natural gas, trading gas, and running wind power projects, hydrogen, and carbon capture facilities. BP p.l.c. (NYSE:BP) also trades renewable and non-renewable power, produces crude oil, and is active in retail fuel, EV charging, Castrol lubricants, aviation, B2B, and midstream businesses. Founded in 1908, BP p.l.c. (NYSE:BP) is headquartered in London. It is one of the best FTSE dividend stocks to watch out for.

BP p.l.c. (NYSE:BP) announced on January 2, 2025, that it has successfully started gas production from the GTA Phase 1 project, one of Africa’s deepest and most complex gas developments. The LNG project, located offshore Mauritania and Senegal, is expected to produce 2.3 million tonnes annually, helping meet global energy needs. Once fully operational, GTA Phase 1 will contribute significantly to the LNG market.

Year-to-date, BP p.l.c. (NYSE:BP)’s upstream production is up 3%, with a 5% increase in liquids production. BP’s plant and refining reliability were strong, at over 95% and 96%, respectively. In EV charging, the company saw 80% growth and sold 1 terawatt hour of electricity globally. BP p.l.c. (NYSE:BP) also has 23,000 barrels per day of biogas supply and expects to save over $0.5 billion in costs by 2025. Financially, the company announced a $1.75 billion share buyback and a $0.08 dividend per share. BP is exploring resources in Iraq, Azerbaijan, and Abu Dhabi, and the company also completed deals with Bunge and Lightsource bp.

Among the hedge funds tracked by Insider Monkey, BP p.l.c. (NYSE:BP) was found in 36 public stock portfolios, compared to 38 in the last quarter. Arrowstreet Capital is one of the top position holders in the company, with 5.2 million shares valued at $221.5 million.