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PARIS - TotalEnergies (EPA:TTEF) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE), a global integrated energy company, has announced its Board of Directors’ decision to propose a dividend increase for the fiscal year 2024. In a meeting held on Monday, the board resolved to recommend a dividend of 3.22 euros per share at the upcoming Shareholders’ Meeting, marking a 7% rise from the previous year’s 3.01 euros per share.
This proposed increase follows a pattern of growth in the company’s dividends, with rises of 7.1% for fiscal year 2023 and projected 7.2% for fiscal year 2025. The final dividend for fiscal year 2024, considering the three interim dividends of 0.79 euros per share already distributed, is set to be 0.85 euros per share. This represents a 7.6% increase from the final dividend of the preceding year.
Subject to shareholder approval, the final dividend for fiscal year 2024 will be detached and paid in cash, with an ex-dividend date scheduled for June 19, 2025, for shareholders and June 18, 2025, for ADS holders. The payment dates are set for July 1, 2025, and July 11, 2025, respectively.
TotalEnergies, active in approximately 120 countries, is committed to delivering energy that is more reliable, affordable, and sustainable. The company employs over 100,000 people and has placed sustainability at the core of its strategy, projects, and operations.
The forward-looking statements in this announcement, including those regarding financial conditions, results of operations, and the company’s strategy, are based on economic data and estimates considered reasonable by TotalEnergies as of the date of the document. However, they are subject to various risks and uncertainties that could cause actual results to differ materially.
The information provided in this article is based on a press release statement from TotalEnergies SE.
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