Dividend and capital

Dividends distribution Policy

2019 dividend

The Shareholders’ Meeting approved the payment of a dividend of €0.50 per share for the 2019 financial year. Taking into account the interim dividend of €0.30 per share already paid in December 2019, the balance of the dividend to be distributed amounts to €0.20 per share. The ex-dividend date is 2 June and the balance will be paid on 4 June 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	0.20 €	4 June 2020	balance of dividend in cash
2019	0.30 €	4 Dec 2019	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