logo
Plus   Neg
Share
Email

Total SA 2017 Profit Rises; Plans To Increase Dividend By 10% Over 2018-20

Total SA (TTA.L,TTFNF.PK,TOT) reported 2017 consolidated net income Group share of $8.63 billion compared to $6.20 billion, prior year. Earnings per share was $3.34 compared to $2.51. Adjusted earnings per share was $4.12 compared to $3.38.

For 2017, sales were $171.49 billion compared to $149.74 billion, prior year. Revenues from sales were $149.10 billion compared to $127.93 billion.

For the next three years, the Board confirmed a capital investment program of $15-$17 billion per year, set an objective to maintain the net-debt-to-capital ratio below 20%, and maintain its grade A credit rating. The Board expects to buy back up to $5 billion of shares over the period 2018-20.

Over the next 3 years, the Board proposed to increase dividend by 10%. The Board has decided to propose to the combined shareholders' Meeting, which will be held on June 1, 2018, an annual dividend of 2.48 euros/share for 2017, an increase of 1.2% compared to 2016. Given the three previous 2017 interim quarterly dividends of 0.62 euros/share, a fourth quarter dividend of 0.62 euros/share is therefore proposed.

The 2018 interim dividends will be increased by 3.2% to 0.64 euros/share, with the intention of proposing to the combined shareholders' Meeting a full-year 2018 dividend of 2.56 euros/share. The target for the full-year 2020 dividend would be 2.72 euros/share.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Children's clothing retailer Gymboree Group, Inc. has again filed for Chapter 11 bankruptcy protection, the second time in nearly two years. The company will close more than 800 Gymboree and Crazy 8 stores in the U.S. and Canada. The San Francisco-based retailer said that along with its U.S. subsidiaries, it has filed a petition in the U.S. Bankruptcy Court for the Eastern District of Virginia. British Prime Minister Theresa May's government has survived a vote of no confidence in parliament on Wednesday. The U.K.'s lower house of parliament, the House of Commons, voted in favor of the government and defeated the motion raised by the leader of the main opposition Labour party, Jeremy Corbyn,... Sears Holding Corp. Chairman Eddie Lampert won a bankruptcy auction for the struggling department store chain that will keep it in business, reports said citing people familiar with the matter. Lampert reportedly submitted an improved bid for the parent company of Kmart and Sears chains through his hedge fund ESL Investments.
Follow RTT