Dividend and capital

 

Dividends distribution Policy

2019 dividend

Taking into account the uncertainty caused by the exceptional crisis triggered by the Covid-19 pandemic, the Board of Directors will propose to the Shareholders’ Meeting of May 19, 2020 a decrease in the 2019 dividend from 0.70 euro to 0.50 euro per share resulting in a dividend of 0.50 euros per share in respect of the 2019 fiscal year. In view of the payment on December 4, 2019 of an interim dividend of 0.30 euros, the balance of the dividend will be, subject to approval by the Shareholders’ Meeting, 0.20 euros per share and will be paid in cash on June 4, 2020. The ex - dividend date will be June 2, 2020.

For the 2020-2023 period, the objective to distribute a dividend of 0.70 euro per share will be reviewed at a later date in light of the evolving situation. The Board of directors has provided for the right to offer shareholders the option of being paid a 2020 interim dividend in Orange shares.

 Dividends distribution history

Fiscal year
 

 Amount per share  
 

Payment date
 

Means of payment
 

2019

0.30 €

4 Dec 2019

interim dividend in cash

2018

0.30 €

6 Dec 2018

interim dividend in cash

2018

0.40 €

6 June 2019

balance of dividend in cash

2018

0.30 €

6 Dec 2018

interim dividend in cash

2017

0.40 €

7 June 2018

balance of dividend in cash

2017

0.25 €

7 Dec 2018

interim dividend in cash

2016

0.40 €

14 June 2017

balance of dividend in cash

2016

0.20 €

7 Dec 2016

interim dividend in cash

2015

0.40 €

23 June 2016

balance of dividend in cash

2015

0.20 €

9 Dec 2015

interim dividend in cash

2014

0.40 €

10 June 2015

balance of dividend in cash

2014

0.20 €

9 Dec 2014

interim dividend in cash

2013

0.50 €

5 June 2014

balance of dividend in cash

2013

0.30 €

11 Dec 2013

interim dividend in cash

2012

0.20 €

11 June 2013

balance of dividend in cash

2012

0.58€

12 Sept 2012

interim dividend in cash

2011

0.80 €

13 June 2012

balance of dividend in cash

2011

0.60 €

8 Sept 2011

interim dividend in cash

2010

0.80 €

15 June 2011

balance of dividend in cash

2010

0.60 €

2 Sept 2010

interim dividend in cash

2009

0.80 €

17 June 2010

balance of dividend in cash

2009

0.60 €

2 Sept 2009

interim dividend in cash

 

  

Changes in share capital

During the financial year 2016, the amount of capital increased to € 10,640,226,396.


Capital allocation

 Institutional investors and others legal entities allocation estimate on the basis of the TPI survey and the Nasdaq OMX analysis (31/12/2017).