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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.


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