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Total’s Dividend Yield Surges to 5.4%

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Jun. 12 2019, Updated 4:09 p.m. ET

Total’s dividend per share

Total’s (TOT) dividend yield has risen sharply, driven by its stock price falling. Total has announced its first interim dividend, of 0.66 euros per share. The ex-dividend date is September 27. The company’s dividend has risen 3.1% this year, in line with its target of a 10% increase between 2018 and 2020.

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Total’s dividend yield rises

Since Q2 2019, Total’s dividend yield has risen to 5.4% from 4.8% due to its stock price falling 10%. This quarter, Total stock has fallen 2%.

Total intends to repurchase up to $5 billion in stock between 2018 and 2020 to offset scrip dividend dilution and distribute the benefits of its higher earnings to its shareholders. In Q1 2019, Total spent $0.5 billion and $1.8 billion, respectively, on net share repurchases and dividend payments.

Peers dividend yield

Royal Dutch Shell (RDS.A), BP (BP), and ENI (E) have higher dividend yields than Total, of 5.8%, 5.8%, and 6.0%, respectively. However, ExxonMobil’s (XOM), Chevron’s (CVX), Equinor’s (EQNR), and Suncor’s (SU) are lower, at 4.6%, 3.9%, 4.8%, and 4.1%, respectively.

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