Total Removes Discount on Scrip Dividend
December 12 2017 - 1:37PM
Dow Jones News
By Marc Navarro Gonzalez
Total SA (FP.FR) said Tuesday that its board of directors has
removed the discount offered for new shares to be issued as payment
of the second interim dividend of the year, a move that sets the
price for new shares at 46.55 euros ($54.86).
Shareholders have the option to receive the dividend in cash or
in new shares of the company, it added.
The French energy group said the discount is the result of
current oil prices--above $60 a barrel--and its performance in
terms of cash-flow generation.
The ex-dividend date for the second interim dividend is set for
Dec. 19, the company said.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
December 12, 2017 13:22 ET (18:22 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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