Total Petroleum has declared a final dividend of GHS0.0701 per share in respect of the 2017 financial year. The company already declared and paid an interim dividend of GHS0.0631 per share, which brings the total divided to GHS0.1332 per share in respect of the 2017 financial year.
The company is expected to pay a total dividend of GHS14.90 million, which reflects a dividend payout ratio of 42.7%, down from 75.7% in the previous year. This was the lowest payout ratio recorded by the company in the last decade, which could be an indicator that the company is planning to increase its capex spending this year.
The total dividend of GHS0.1332 per share reflects a dividend yield of 2.7% based on the prevailing market price of GHS5.00 per share. This is higher than the dividend yield for its main competitor, GOIL. GOIL declared a dividend of GHS0.028 per share, which reflects a dividend yield of 0.6%.
See details of the Total Petroleum dividend below.
Final Dividend
TOTAL announces a Final Dividend of GH¢0.0701 per share in respect of its financial year ended December 31, 2017.
Qualifying date
Members registered in the books of TOTAL at the close of business on Friday, 22nd June, 2018 will qualify for the payment of the final dividend.
Closure of Register
The Register of shareholders will be closed from Monday, 25th June, 2018 to Friday,
29th June, 2018 (both dates inclusive).
Ex-Dividend Date
The ex-dividend date has been set as Wednesday, 20th June, 2018. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the final dividend. However, an investor buying TOTAL shares on or after Wednesday, 20thJune, 2018 will not be entitled to the final dividend.
Dividend Payment Date
The final dividend will be paid from 6th July, 2018.
