9 Jul

Has Total’s Dividend Yield Fallen ahead of Earnings?

WRITTEN BY Maitali Ramkumar

Total’s dividend payment

In the previous part of this series, we looked at Total’s (TOT) stock price forecast range ahead of earnings. In this part, we’ll look at where Total’s dividend yield stands before its second-quarter earnings. We will also look at the dividend yield trend.

Has Total’s Dividend Yield Fallen ahead of Earnings?

Total’s dividend yield

Total’s current dividend yield stands at 4.8%. The current dividend yield represents the annualized dividend as a percentage of the stock price. The current yield has fallen from 5.8% in Q3 2017. The decrease in Total’s dividend yield is due to a rise in its stock price. Total’s stock price has risen 15% since Q3 2017.

Total has paid dividends consistently in the past one year. In the second quarter, Total made an interim dividend payment of 0.62 euros per share (or $0.73 per ADR). Total expects to increase its dividend to 2.72 euros per share in 2020. Plus, to enhance shareholder returns, Total plans to buy back shares worth $5 billion from 2018 to 2020. The aim is to offset the dilution, which resulted from scrip dividend. Also, Total aims to return excess free cash flows to shareholders.

Peers’ dividend yield

BP’s (BP) dividend yield fell from 7.0% in Q3 2017 to the current level of 5.2%. Also, Chevron (CVX) and Equinor’s (EQNR) dividend yields slumped from 4.0% and 4.8%, respectively, in Q3 2017, to current levels of 3.6% and 3.5%. Plus, Royal Dutch Shell’s (RDS.A) dividend yield fell from 7.2% to 5.5% in the same period. However, ExxonMobil’s (XOM) dividend yield rose from 3.8% in Q3 2017 to the current level of 4.0%.

In the next part, we’ll examine analyst ratings for Total ahead of earnings.

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