TOTAL’s dividend would be a welcome relief to shareholders
TOTAL’s dividend would be a welcome relief to shareholders
date_range Monday, November 9, 2020
person Dividend Watch
insert_comment Doobia
Share This Article
Total Petroleum has announced an interim dividend of GHS0.0694 per share for the 2020 financial year ending December 31, 2020. And based on the company’s corporate practices in the last decade, it is likely to declare a final dividend in respect of the 2020 financial year later in 2021.
The interim dividend would result in a dividend yield of 3.0% given the company’s prevailing market valuation of GHS2.35 per share. This would be a welcome relief to shareholders who saw the company’s market valuation drop by nearly 22% so far this year.
Interim Dividend
TOTAL announces the payment of an interim dividend of GHS0.0694 per share for the financial year ending December 31, 2020.
Qualifying date
All shareholders registered in the books of TOTAL at the close of business on Thursday, 3rd December, 2020 will qualify for the interim dividend.
Closure of Register
The Register of shareholders will be closed from Monday, 7th December, 2020 to Friday, 11th December, 2020 (both dates inclusive).
Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Tuesday, 1st December, 2020. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend. However, an investor buying TOTAL shares on or after Tuesday, 1st December, 2020 will not be entitled to the interim dividend.
Dividend Payment Date
The interim dividend will be paid from Monday, 14th December, 2020.
TOTAL’s dividend would be a welcome relief to shareholders
Total Petroleum has announced an interim dividend of GHS0.0694 per share for the 2020 financial year ending December 31, 2020. And based on the company’s corporate practices in the last decade, it is likely to declare a final dividend in respect of the 2020 financial year later in 2021.
The interim dividend would result in a dividend yield of 3.0% given the company’s prevailing market valuation of GHS2.35 per share. This would be a welcome relief to shareholders who saw the company’s market valuation drop by nearly 22% so far this year.
Interim Dividend
TOTAL announces the payment of an interim dividend of GHS0.0694 per share for the financial year ending December 31, 2020.
Qualifying date
All shareholders registered in the books of TOTAL at the close of business on Thursday, 3rd December, 2020 will qualify for the interim dividend.
Closure of Register
The Register of shareholders will be closed from Monday, 7th December, 2020 to Friday, 11th December, 2020 (both dates inclusive).
Ex-Dividend Date
In view of the foregoing, the ex-dividend date has been set as Tuesday, 1st December, 2020. Consequently, an investor purchasing TOTAL shares before this date will be entitled to the interim dividend. However, an investor buying TOTAL shares on or after Tuesday, 1st December, 2020 will not be entitled to the interim dividend.
Dividend Payment Date
The interim dividend will be paid from Monday, 14th December, 2020.
Comments (0)
Reply
Other Articles by Dividend Watch
GGBL to pay dividend this year despite earnings contraction
EGL announces 20.0%y/y rise in dividend to GHS0.054 per share
CAL Bank's dividend payout ratio rises to a 7-year high of 32.2%
Society Generale announces 125.0%y/y rise in dividend for 2019
MTN Ghana to pay a final dividend of GHS 0.04 per share
GGBL to pay first dividend in 6 years, but can this boost confidence in the stock?
Total Petroleum's dividend payout drops to lowest in 10 years
Unilever proposes 400% growth in dividend for 2017
Other Authors
Boakye's Corner
Earnings Update
Macro-Watch
Dividend Watch
Stock Ideas