BP posts solid session with 0.54% gain; upside capped at $35.63

Yesterday at a glance: after ending Thursday at $35.36, BP went up to $35.63 only to drop back, yet still traded well overall and closed at $35.55 yesterday.

• Trading volume totalled 6.12 million which equates to around 68% of the stock's 21-day average yesterday.
• BP's board sets quarterly dividend of 39.7 cents per share to be paid on Friday, June 23rd; annual dividend yield esimated at 4.47%.

BP was largely unchanged while the broader Energy sector added 0.54%.

Having soared to a high of $41.02 approximately 3 months ago, the oil and gas "supermajor" is now trading 13.8% lower. BP's market cap currently stands at $104.23 billion with an average daily trading volume of 9 million shares.

Looking back, the firm's board declared a dividend of 39.7 cents per share on Tuesday, May 2nd for all shareholders on record up until Friday, May 12th. Based on current prices, the move allows shareholders to receive an annual dividend yield of 4.47% this year to be paid on Friday, June 23rd.

While BP was bullish yesterday, the following energy stocks underperformed: Exxon Mobil went down to $104.97, losing 0.65% after it closed at $105.66 yesterday.