TotalEnergies proposes a dividend of 3.22 €/share for fiscal year 2024, a 7% increase

Rhea-AI Summary

TotalEnergies (TTE) has announced its Board of Directors' proposal for a dividend of 3.22 €/share for fiscal year 2024, representing a 7% increase from the previous year's 3.01 €/share. Following three interim dividends of 0.79 €/share, the final dividend for 2024 will be 0.85 €/share, marking a 7.6% increase compared to 2023's final dividend.

The company highlighted consistent dividend growth over three years: 7.1% in 2023, 7.0% in 2024, and a projected 7.2% in 2025. The Board is considering setting the first interim dividend for 2025 at the same level as the final 2024 dividend. Subject to shareholder approval, the final dividend will be paid on July 1, 2025, for shareholders and July 11, 2025, for ADS holders.

Positive

• 7% increase in annual dividend to 3.22 €/share for 2024
• 7.6% increase in final dividend to 0.85 €/share
• Consistent dividend growth pattern over three years (7.1%, 7.0%, 7.2%)
• Plans to maintain high dividend level for first 2025 interim payment

Negative

• None.

Insights

Financial Analyst

TotalEnergies' announcement of a 7% dividend increase to 3.22 €/share represents a significant commitment to shareholder returns in the energy sector. The company's systematic approach to dividend growth, maintaining a consistent 7%+ increase over three consecutive years, reflects robust cash flow generation and disciplined capital allocation.

This dividend policy is particularly noteworthy in the current energy market context. While many peers have focused on share buybacks as their primary return mechanism, TotalEnergies' steady dividend growth strategy provides predictable income streams for long-term investors. The company's ability to maintain this growth trajectory suggests strong underlying operational performance and effective cost management.

The structure of the dividend payment, with three interim payments and a final dividend, provides regular cash flows to investors while allowing the company to adjust its capital return strategy based on market conditions. The Board's forward-looking statement regarding the 2025 first interim dividend matching the 2024 final dividend of 0.85 € signals confidence in future cash flow generation and operational stability.

For income-focused investors, this announcement carries three key implications:

• The consistent growth rate suggests a well-planned, sustainable dividend strategy rather than opportunistic increases
• The quarterly payment structure offers attractive income frequency compared to semi-annual paying European peers
• The forward guidance on 2025 dividends provides valuable planning visibility for portfolio income projections

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

The Board of Directors met on February 4, 2025, and decided to propose at the Shareholders’ Meeting on May 23, 2025, the distribution of a dividend of 3.22 €/share for fiscal year 2024, a 7% increase compared to the dividend for fiscal year 2023 of 3.01 €/share. This increase is comparable to the 7.1% increase for fiscal year 2023 versus 2022.

Consequently, taking into account the three interim dividends of 0.79 €/share previously decided by the Board of Directors, the final dividend for fiscal year 2024 will be 0.85 €/share, an increase of 7.6% compared to the final dividend of 2023 and the 3 interim dividends of 2024.

The Board of Directors highlights the growth of the dividend paid during years 2023, 2024 and 2025, which have increased or will increase by 7.1%, 7.0% and 7.2% respectively, the Board is considering a first interim dividend for 2025 (paid in the 4^th quarter of 2025) at the level of the final dividend for fiscal year 2024.

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, 2025	June 18, 2025
Payment date	July 1, 2025	July 11, 2025

 

About TotalEnergies

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

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TotalEnergies Contacts

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) proposed dividend per share for 2024?

TotalEnergies has proposed a dividend of 3.22 €/share for fiscal year 2024, representing a 7% increase from 2023.

When will TTE pay its final 2024 dividend?

The final dividend will be paid on July 1, 2025, for shareholders and July 11, 2025, for ADS holders.

How much is TTE's final dividend payment for 2024?

The final dividend payment for 2024 will be 0.85 €/share, following three interim dividends of 0.79 €/share.

What is TTE's dividend growth rate over the past three years?

TTE's dividend growth rates are 7.1% in 2023, 7.0% in 2024, and a projected 7.2% in 2025.

When is TotalEnergies' 2025 Shareholders' Meeting?

TotalEnergies' Shareholders' Meeting is scheduled for May 23, 2025.