TotalEnergies Announces the First Interim Dividend of €0.79/Share for Fiscal Year 2024, an Increase Close to 7% Compared to 2023
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Insights
Returning shareholder value through dividends is an elementary component of a company's appeal to investors. In the case of TotalEnergies, the declaration of an interim dividend of
The interim dividend's appeal lies in the immediate income it provides shareholders, potentially affecting the stock's attractiveness especially to income-focused investors. The assurance from the board regarding their return policy could also suggest a sustainable and possibly progressive dividend policy moving forward. Investors might interpret this as an indicator of steady cash flows and prudent financial management, particularly in the often volatile energy sector.
However, what remains important for investors is the underlying fundamentals that support this increase. A sustainable dividend policy must be backed by robust financials—adequate free cash flow, manageable debt levels and a stable outlook for the company's core business segments. The consistent return to shareholders might also be weighed against the company's reinvestment opportunities, as it balances rewarding investors with fueling future growth.
The energy sector is susceptible to global economic trends, geopolitical events and shifts in energy policy and consumption. For TotalEnergies, a substantial dividend increase might stem from positive dynamics in the sector, such as favorable oil prices, streamlined operations, or successful exploration efforts. It's important for stakeholders to understand the broader context in which TotalEnergies operates, including energy transition trends and regulatory shifts that could affect future profitability and, by extension, dividend sustainability.
Investors should also consider the company's diversification strategy and how it's positioned for the transition to renewable energy sources. While the dividend news is positive, balancing it with the long-term view of the company's place in a changing energy market is essential. TotalEnergies' strategy to pivot towards more sustainable energy practices could mitigate risks associated with traditional fossil fuel reliance and signal a forward-thinking approach that may bode well for long-term investor confidence.
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):
The Board of Directors meeting on April 25, 2024 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of a first interim dividend of 0.79 €/share for fiscal year 2024, an increase of
This interim dividend will be paid in cash exclusively, according to the following timetable:
|
Shareholders |
ADS holders |
Ex-dividend date |
September 25, 2024 |
September 24, 2024 |
Payment date |
October 1, 2024 |
October 11, 2024 |
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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Disclaimer
The terms “TotalEnergies”, “TotalEnergies company” and “Company” in this document are used to designate TotalEnergies SE and the consolidated entities directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate and independent legal entities.
This document may contain forward-looking statements (including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995), notably with respect to the financial condition, results of operations, business activities and strategy of TotalEnergies. This document may also contain statements regarding the perspectives, objectives, areas of improvement and goals of TotalEnergies, including with respect to climate change and carbon neutrality (net zero emissions). An ambition expresses an outcome desired by TotalEnergies, it being specified that the means to be deployed do not depend solely on TotalEnergies. These forward-looking statements may generally be identified by the use of the future or conditional tense or forward-looking words such as “will”, “should”, “could”, “would”, “may”, “likely”, “might”, “envisions”, “intends”, “anticipates”, “believes”, “considers”, “plans”, “expects”, “thinks”, “targets”, “aims” or similar terminology. Such forward-looking statements included in this document are based on economic data, estimates and assumptions prepared in a given economic, competitive and regulatory environment and considered to be reasonable by TotalEnergies as of the date of this document.
These forward-looking statements are not historical data and should not be interpreted as assurances that the perspectives, objectives, or goals announced will be achieved. They may prove to be inaccurate in the future, and may evolve or be modified with a significant difference between the actual results and those initially estimated, due to the uncertainties notably related to the economic, financial, competitive and regulatory environment, or due to the occurrence of risk factors, such as, notably, the price fluctuations in crude oil and natural gas, the evolution of the demand and price of petroleum products, the changes in production results and reserves estimates, the ability to achieve cost reductions and operating efficiencies without unduly disrupting business operations, changes in laws and regulations including those related to the environment and climate, currency fluctuations, technological innovations, meteorological conditions and events, as well as socio-demographic, economic and political developments, changes in market conditions, loss of market share and changes in consumer preferences, or pandemics such as the COVID-19 pandemic. Additionally, certain financial information is based on estimates particularly in the assessment of the recoverable value of assets and potential impairments of assets relating thereto.
Readers are cautioned not to consider forward-looking statements as accurate, but as an expression of the Company’s views only as of the date this document is published. TotalEnergies SE and its subsidiaries have no obligation, make no commitment and expressly disclaim any responsibility to investors or any stakeholder to update or revise, particularly as a result of new information or future events, any forward-looking information or statement, objectives or trends contained in this document. In addition, the Company has not verified, and is under no obligation to verify any third-party data contained in this document or used in the estimates and assumptions or, more generally, forward-looking statements published in this document.
The information on risk factors that could have a significant adverse effect on TotalEnergies’ business, financial condition, including its operating income and cash flow, reputation, outlook or the value of financial instruments issued by TotalEnergies is provided in the most recent version of the Universal Registration Document which is filed by TotalEnergies SE with the French Autorité des Marchés Financiers and the annual report on Form 20-F filed with the United States Securities and Exchange Commission (“SEC”).
Cautionary Note to U.S. Investors – U.S. investors are urged to consider closely the disclosure in the Form 20-F of TotalEnergies SE, File N° 1-10888, available from us at 2, place Jean Millier – Arche Nord Coupole/Regnault - 92078 Paris-La Défense Cedex,
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Source: TOTALENERGIES SE
FAQ
What is TotalEnergies' first interim dividend for Fiscal Year 2024?
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When will the dividend be paid to shareholders and ADS holders?
