Total SA will accelerate the growth of dividends in the next few years, the French oil major said Tuesday.
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Total SA will accelerate the growth of dividends in the next few years, the French oil major said Tuesday.
The company TOT, -0.32% FP, -0.03% now targets an increase of 5% to 6% per year, compared with a previous guidance of 3%. The proposed third interim dividend for this year will be EUR 0.68 ($0.75) a share, a 6% increase over last year.
“These decisions reflect the board’s confidence in the Group’s ability to deliver profitable and sustainable growth in the coming years,” it said.
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