dividend
dividend distribution policy
During the presentation of its 2005 annual results, France Telecom Group was committed to distribute to its shareholders between 40% and 45% of organic cash flow generated by the Group.
IAt the May 26, 2009 Annual Shareholders’ Meeting, France Telecom shareholders decided on the payment of a dividend of 1.40 euros per share in respect of 2008. Given the 0.60 euro per share interim dividend paid on September 11, 2008 for a total amount of 1,563 million euros, the balance of dividend to be paid on June 30, 2009 was 0.80 euro per share, for a total amount of 2,091 million euros. This payment was made in cash for 1,553 million euros and in France Telecom shares for 583 million euros, since shareholders had the option to receive payment of 50% of the balance of the dividend, i.e. 0.40 euro per share, in France Telecom shares.
Besides, on July 29, 2009, the Board of Directors decided the distribution of an interim dividend. This interim dividend will amount to 0.60 euro per share, representing an estimated total amount of 1.6 billion euros based on the number of shares outstanding as at June 30, 2009. The interim dividend will be paid on September 2, 2009. France Telecom S.A.’s total of net income for the period and retained earnings amounted to 11,422 million euros.
IAt the May 26, 2009 Annual Shareholders’ Meeting, France Telecom shareholders decided on the payment of a dividend of 1.40 euros per share in respect of 2008. Given the 0.60 euro per share interim dividend paid on September 11, 2008 for a total amount of 1,563 million euros, the balance of dividend to be paid on June 30, 2009 was 0.80 euro per share, for a total amount of 2,091 million euros. This payment was made in cash for 1,553 million euros and in France Telecom shares for 583 million euros, since shareholders had the option to receive payment of 50% of the balance of the dividend, i.e. 0.40 euro per share, in France Telecom shares.
Besides, on July 29, 2009, the Board of Directors decided the distribution of an interim dividend. This interim dividend will amount to 0.60 euro per share, representing an estimated total amount of 1.6 billion euros based on the number of shares outstanding as at June 30, 2009. The interim dividend will be paid on September 2, 2009. France Telecom S.A.’s total of net income for the period and retained earnings amounted to 11,422 million euros.
historical of dividend payments
Following its transformation into a limited company on December 31st, 1996, France Telecom is subject to the provisions of the French commercial code for the distribution and payment of dividends.
| fiscal year | amount per share | payment date * | means of payment | decision |
| | ||||
| 2008 | 0.80 € | June 30, 2009 | balance to be paid (following the procedure above) | to be voted at 09/05/26 GM |
| 2008 | 0.60 € | Sept 11, 2008 | interim dividend in cash | Board on July 30, 2008 |
| 2007 | 1,30 € | Jun 3, 2008 | cash | GM on May 27, 2008 |
| 2006 | 1,20 € | Jun 7, 2007 | cash | GM on May 21, 2007 |
| 2005 | 1,00 € | May 10, 2006 | cash | GM on Apr 21, 2006 |
| 2004 | 0,48 € | Jun 3, 2005 | cash | GM on Apr 22, 2005 |
| 2003 | 0,25 € | May 7, 2004 | cash | GM on Apr 9, 2004 |
| 2002 | - | - | - | GM on May 27, 2003 |
| 2001 | 1,00 € | Jul 8, 2002 | Cash or shares | GM on May 28, 2002 |
| 2000 | 1,00 € | Jun 14, 2001 | cash | GM on Apr 13, 2001 |
| 1999 | 1,00 € | Jun 22, 2000 | cash | GM on Jun 21, 2000 |
| 1998 | 1,00 € | Jun 17, 99 | cash | GM on May 20, 1999 |
| 1997 | 6,5 FF | Jun 17, 98 | cash | GM on May 26, 1998 |
| 1996 | - | - | - | GM on May 5, 1997 |
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