Our dividend distribution policy

The Shareholders' Meeting of 21 May 2025 decided on the distribution of a dividend of 0.75 euros per share for the fiscal year 2024. Taking into account the 0.30-euro interim dividend paid on 5 December 2024, the balance of the dividend distributed by the Shareholders' Meeting is 0.45 euros per share and was paid in cash on 5 June 2025.

On 28 July 2025, the Board of Directors decided on the distribution of an interim dividend of 0.30 euros per share. It was paid in cash on 4 December 2025.

Orange intends, subject to shareholders’ approval, to distribute a dividend floor of 0.75 euros per share for fiscal year 2025 (including the distribution of the interim dividend of 0.30 euros per share in December 2025).

Subject to shareholder approval, Orange plans to pay a dividend floor of €0.75 per share for fiscal year 2025

Our dividend distribution policy

Subject to shareholder approval, Orange plans to pay a dividend floor of €0.75 per share for fiscal year 2025

The Shareholders' Meeting of 21 May 2025 decided on the distribution of a dividend of 0.75 euros per share for the fiscal year 2024. Taking into account the 0.30-euro interim dividend paid on 5 December 2024, the balance of the dividend distributed by the Shareholders' Meeting is 0.45 euros per share and was paid in cash on 5 June 2025. On 28 July 2025, the Board of Directors decided on the distribution of an interim dividend of 0.30 euros per share. It was paid in cash on 4 December 2025. Orange intends, subject to shareholders’ approval, to distribute a dividend floor of 0.75 euros per share for fiscal year 2025 (including the distribution of the interim dividend of 0.30 euros per share in December 2025).

Dividends read in recent years

 

Fiscal year Amont per share Payment date Means of payment
2024 €0.75 Interim €0.30 5 Dec. 2024
Balance €0.45 5 June 2025		 Cash
2023 €0.72 Interim €0.30 6 Dec. 2023
Balance €0.42 6 June 2024		 Cash
2022 €0.70 Interim €0.30 7 Dec. 2022
Balance €0.40 7 June 2023		 Cash
2021 €0.70 Interim €0.30 15 Dec. 2021
Balance €0.40 9 June 2022		 Cash
2020 €0.70 + €0.20 Interim €0.40 9 Dec. 2020
Balance €0.50 17 June 2021		 Cash
2019 €0.50 Interim €0.30€ 4 Dec. 2019
Balance €0.20 4 June 2020		 Cash
2018 €0.70 Interim €0.30 6 Dec. 2018
Balance €0.40 6 June 2018		 Cash
2017 €0.65 Interim €0.25 7 Dec. 2017
Balance €0.40 7 June 2018		 Cash
2016 €0.60 Interim €0.20 7 Dec. 2016
Balance €0.40 14 June 2017		 Cash
2015 €0.60 Interim €0.20 9 Dec. 2015
Balance €0.40 23 June 2016		 Cash
2014 €0.60 Interim €0.20 9 Dec. 2014
Balance €0.40 10 June 2015		 Cash
2013 €0.80 Interim €0.30 11 Dec. 2013
Balance €0.50 5 June 2014		 Cash
2012 €0.78 Interim €0.58 12 Sept. 2012
Balance €0.20 11 June 2013		 Cash
2011 €1.40 Interim €0.60 8 Sept. 2011
Balance €0.80 13 June 2012		 Cash
2010 €1.40 Interim €0.60 2 Sept. 2010
Balance 0,80€ 15 June 2011		 Cash
2009 €1.40 Interim €0.60 2 Sept. 2009
Balance €0.80 17 June 2010		 Cash

 

Understanding Orange’s ownership

Orange’s capital structure is built on a diversified and stable shareholder base. To learn about our shareholding breakdown as of December 31, 2024, see the below table. Because understanding who owns Orange will give you a better grasp of our governance and strategy and help you assess our long-term strength.

Répartition capital.En
 
Financial analysts’ consensus on Orange

Orange has compiled a consensus for Q4 2025 and FY 2025 based on the 12 estimates received as of 9th January 2026.

 
In €m		 Q4 2025
Median		 2025
Median
Revenues 10,377 40,222
EBITDAaL 3,330 12,443
EBITDAaL telecom activities 3,348 12,499
eCAPEX Group 1,746 6,235
Organic cash flow   3,623
Free Cash Flow "all in"   2,700

 

Here is the link to the detailed consensus for the fourth quarter of 2025.  

The Share buyback program and the Liquidity agreement

Find all information about Orange’s share buyback transactions in our Investor Media Library.

You will also access to the Orange’s semi-annual updates on the liquidity agreement. 

All our documentation Investor