Oil & Gas
By Anthony Isibor
THE Board of Directors, BOD of TotalEnergies SE, have resolved on critical decisions bordering on 2021 dividend, 2022 shareholder returns, sustainability, and climate resolution.
The resolution was reached at its meeting on Wednesday, February 9, chaired by Patrick Pouyanné, chairman and chief executive officer, TotalEnergies.
According to the statement released by TotalEnergies on Thursday following the meeting, the BOD approved the dividends for the 2021 financial year.
“The Board decided to propose at the Shareholders’ Meeting to be held on May 25, 2022, the distribution of a final dividend of €0.66/share for the 2021 financial year, the same amount as the three interim payments paid for the 2021 financial year.
“Taking into account the three interim dividends of €0.66/share previously declared by the Board, the dividend for the 2021 financial year will amount to €2.64/share,” the statement said.
This decision is, however, subject to approval by the general assembly, and “This final dividend will be paid in cash exclusively, according to the following schedule:
| Shares | American Depositary Receipts | |
| Ex-dividend date | June 21, 2022 | June 17, 20222 |
| Payment date | July 1, 2022 | July 14, 2022 |
Concerning the Return to shareholder policy for the 2022 financial year, the Board of Directors defined a shareholder return policy for 2022 which will combine an increase in the interim dividends of 5% taking into account the structural growth in cash flow generated by the LNG and electricity business, and buybacks to share the surplus cash flow from high hydrocarbon prices. These share buybacks are expected to be $2 billion for the first half of 2022.
The BOD said that its decision on Sustainability & Climate Advisory Resolution for the 2022 General Assembly will be in accordance with the resolution approved by shareholders in May 2021 on TotalEnergies’ ambitions for sustainable development and energy transition toward carbon neutrality, the Board of Directors will report on the progress made in implementing these ambitions at the Shareholders’ Meeting on May 25.
“With this in mind, the Board of Directors will adopt a Sustainability & Climate – Progress Report 2022, which will be submitted to a shareholder advisory vote at the Annual Shareholders’ Meeting on May 25, 2022. It will be published and presented on March 24, 2022, during a Strategy, Sustainability & Climate investor meeting,” it said.
– Feb. 10, 2022 @ 12:26 GMT |
Tags: Patrick Pouyanné TotalEnergies
