Total declares interim dividends
Published by Lydia Woellwarth,
The Board of Directors of Total met on 14 March 2018 and declared a 2017 third interim dividend of €0.62 per share, in accordance with the Board’s decision of 26 October 2017. This is unchanged compared to the 2017 first and second interim dividends and represents an increase of 1.6% compared to the 2016 third interim dividend.
The Board of Directors also decided to offer, under the conditions set by the fourth resolution at the Combined Shareholders’ meeting of 26 May 2017, the option for shareholders, including holders of its American Depositary Shares (ADS), to receive the 2017 third interim dividend in cash or in new shares of the Company.
The share price for the new shares to be issued as payment of the 2017 third interim dividend is set by the Board of Directors at €45.70. This price is equal to the average opening price on Euronext Paris for the twenty trading days preceding the Board of Directors on 14 March 2018, reduced by the amount of the interim dividend, without any discount, rounded up to the nearest cent. Shares issued as payment of the 2017 third interim dividend will carry immediate dividend rights. An application will be made to admit the new shares for trading on the Euronext Paris market.
The ex-dividend date for the 2017 third interim dividend is set for 19 March 2018. Shareholders may select to receive the 2017 third interim dividend payment in new shares during the period from 19 March 2018, to 28 March 2018, both dates inclusive, by instructing their financial advisors.
For Total’s ADS, the ex-dividend date for the 2017 third interim dividend is set for 15 March 2018. ADS holders may select to receive the 2017 third interim dividend payment in new shares during the period from 19 March 2018, to 23 March 2018, both dates inclusive, by instructing their financial brokers.
Shareholders who do not select to receive the 2017 third interim dividend payment in new shares within the specified timeframe will receive the 2017 third interim dividend due to them in cash. The date for the payment in cash is planned for 9 April 2018.
Read the article online at: https://www.worldpipelines.com/business-news/16032018/total-declares-interim-dividends/
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