TotalEnergies Proposes a Dividend of 3.01 €/Share for Fiscal Year 2023, a 7.1% Increase
- 7.1% increase in dividend for fiscal year 2023 compared to 2022
- Final dividend of 0.79 €/share
- Dividend payment dates set for July 1, 2024, and July 11, 2024
- None.
Insights
The proposed dividend increase by TotalEnergies represents a notable uptick in shareholder returns, reflecting the company's financial health and confidence in its future earnings. The 7.1% increase is a robust indicator of TotalEnergies' profitability and its ability to generate cash flow. Investors typically view such increases as a positive signal, as they suggest that the company's management is optimistic about its sustained earnings and cash generation capabilities. It's essential to analyze the payout ratio to assess the sustainability of this dividend in the context of the company's earnings. Additionally, the impact on the stock's yield, which is the dividend per share divided by the stock price, should be considered, as it affects the total return to shareholders.
From a market perspective, TotalEnergies' dividend increase may attract income-focused investors, potentially increasing demand for its shares. The energy sector is often seen as a reliable dividend payer and TotalEnergies' announcement could set a precedent for other companies in the industry. The timing of the dividend, along with the ex-dividend date, is crucial for investors, as it determines eligibility for the upcoming dividend payment. It's also worth noting the difference in payment dates for shareholders and ADS holders, which could influence investment decisions based on individual or institutional cash flow requirements.
The dividend proposal by TotalEnergies must be contextualized within the broader economic environment, including factors such as inflation, interest rates and energy market dynamics. A dividend increase amidst inflationary pressures can help preserve the purchasing power of shareholder returns. Moreover, in a low-interest-rate environment, higher dividends can make equities more attractive relative to fixed-income securities. The energy sector's performance is closely tied to global economic trends, geopolitical events and shifts in energy policy, which can affect TotalEnergies' long-term ability to maintain or increase its dividends.
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE):
The Board of Directors met on February 6, 2024, and decided to propose at the Shareholders’ Meeting on May 24, 2024, the distribution of a dividend for fiscal year 2023 of 3.01 €/share, a
Consequently, taking into account the three interim dividends of 0.74 €/share previously decided by the Board of Directors, the final dividend for fiscal year 2023 will be 0.79 €/share.
Subject to approval at the Shareholders’ Meeting, the final dividend will be detached and paid in cash, according to the following timetable:
|
Shareholders |
ADS holders |
Ex-dividend date |
June 19, 2024 |
June 18, 2024 |
Payment in cash |
July 1, 2024 |
July 11, 2024 |
____
About TotalEnergies
TotalEnergies is a global multi-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 energy that is ever more affordable, more sustainable, more reliable and accessible to as many people as possible. Active in nearly 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
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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 industrial 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 “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, as well as 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. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. 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 the proposed increase in dividend for fiscal year 2023 for TotalEnergies (TTE)?
What is the final dividend amount for fiscal year 2023 for TotalEnergies (TTE)?
When will the dividend be paid to shareholders of TotalEnergies (TTE)?
When will the dividend be paid to ADS holders of TotalEnergies (TTE)?
