TotalEnergies Announces the Third Interim Dividend of €0.79/Share for Fiscal Year 2024, an Increase Close to 7% Compared to 2023

Rhea-AI Summary

TotalEnergies SE announced its third interim dividend for fiscal year 2024 at €0.79 per share, representing a 6.8% increase compared to the 2023 interim dividends. This amount matches the first and second interim dividends of 2024. The decision aligns with the company's shareholder return policy confirmed in February 2024 and reaffirmed at the May 2024 Annual General Meeting. The dividend will be paid exclusively in cash, with payment dates set for April 1, 2025, for shareholders and April 16, 2025, for ADS holders.

Positive

• 6.8% increase in interim dividend compared to 2023
• Consistent dividend payment policy maintained
• Dividend payment confirmed at €0.79 per share

Negative

• None.

Insights

Financial Analyst

The 6.8% dividend increase to €0.79 per share demonstrates TotalEnergies' strong financial position and commitment to shareholder returns. This marks the third consecutive interim dividend at this elevated level for 2024, reflecting consistent execution of their capital return strategy. The company's ability to maintain and grow dividends amid energy market volatility signals robust cash flow generation and disciplined capital allocation.

The dividend increase aligns with the broader industry trend of major energy companies prioritizing shareholder returns. With a current dividend yield around 4.5%, TotalEnergies offers an attractive income proposition compared to peers. The commitment to cash-only payments, rather than scrip options, further emphasizes the company's strong liquidity position and confidence in sustained free cash flow generation.

PARIS--(BUSINESS WIRE)-- Regulatory News:

TotalEnergies SE (Paris:TTE) (LSE:TTE) (NYSE:TTE):

The Board of Directors meeting on October 30, 2024 under the chairmanship of Mr. Patrick Pouyanné, Chairman and Chief Executive Officer, decided the distribution of the third 2024 interim dividend of 0.79 €/share, an increase of 6.8% compared to the three interim dividends paid for fiscal year 2023 and identical to the first and second 2024 interims. This increase is in line with the shareholder return policy confirmed by the Board of Directors in February 2024 and reiterated at the Annual General Meeting of May 24, 2024.

This interim dividend will be paid in cash exclusively, according to the following timetable:

		Shareholders		ADS holders
Ex-dividend date		March 26, 2025		March 25, 2025
Payment date		April 1, 2025		April 16, 2025

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.

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies

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, France, or at the Company website totalenergies.com. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC’s website sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031639368/en/

TotalEnergies

Media Relations: +33 1 47 44 46 99 l presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: +33 1 47 44 46 46 l ir@totalenergies.com

Source: TotalEnergies SE

FAQ

What is TotalEnergies' (TTE) third interim dividend for 2024?

TotalEnergies' third interim dividend for 2024 is €0.79 per share.

When will TotalEnergies (TTE) pay its third 2024 interim dividend?

The dividend will be paid on April 1, 2025, for shareholders and April 16, 2025, for ADS holders.

How much did TotalEnergies (TTE) increase its interim dividend compared to 2023?

TotalEnergies increased its interim dividend by 6.8% compared to the 2023 interim dividends.

What is the ex-dividend date for TotalEnergies' (TTE) third 2024 interim dividend?

The ex-dividend date is March 26, 2025, for shareholders and March 25, 2025, for ADS holders.