dividend
dividend distribution policy
The Group wants to preserve a strong financial structure and is targeting a net debt to EBITDA ratio of around 2.0 in the medium term, and it will consequently maintain a policy of seeking attractive returns for shareholders aligned with generating operating cash flow.
The amounts allocated to the 2012 dividend will fall in a range of 40% to 45% of operating cash flow generatedThe annouced financial goals enable the Group to envisage a stable dividend going forward 2012.
Besides, the Group confirms the payment of a dividend of 1.40 euros for 2011, with the balance of 0.80 euros per share to be paid in cash on 13 June 2012*.
2012 interim dividend
France Telecom-Orange will propose to the Board of Directors the payment in September 2012 of an interim dividend of 0.60 euros per share for the fiscal year 2012.
Besides, the Group confirms the payment of a dividend of 1.40 euros for 2011, with the balance of 0.80 euros per share to be paid in cash on 13 June 2012*.
2012 interim dividend
France Telecom-Orange will propose to the Board of Directors the payment in September 2012 of an interim dividend of 0.60 euros per share for the fiscal year 2012.
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.
*subject to approval by the Annual General Meeting of Shareholders
*subject to approval by the Annual General Meeting of Shareholders
fiscal year | amount per share | payment date * | means of payment | decision |
| 2011 | 0.80 € | June 13, 2012 | balance (cash) | subject to approval by the GM on June, 5, 2012 |
| 2011 | 0.60 € | Sept 8, 2011 | interim dividend in cash | Board on July 27, 2011 |
| 2010 | 0.80 € | June 15, 2011 | balance (cash) | GM on June, 7, 2011 |
| 2010 | 0.60 € | Sept 2, 2010 | interim dividend in cash | Board on July 28, 2010 |
| 2009 | 0.80 € | June 17, 2010 | balance (cash) | GM on June, 10, 2009 |
| 2009 | 0.60 € | Sept 2, 2009 | interim dividend in cash | Board on July 29, 2009 |
| 2008 | 0.80 € | June 30, 2009 | balance (cash or 50% in cash and 50% in shares) | GM on May 26, 2009 |
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 |
© France Telecom - Orange 2012
