The Orange Group continues to pay a significant dividend to its shareholders despite a declining operating result in both 2021 and 2022. This favourable payout policy indicates that the company anticipates a healthy recovery of its business in 2023. To find out more about the Orange Group's proposed remuneration to its shareholders, here are details of the amounts, yields, history and payment and ex-dividend dates of the Orange share for 2022 and previous years.
The last known dividend for the Orange share is the dividend paid in 2022 by this company for the year 2021. This last dividend is slightly lower than last year with an amount of 0.70€ per share and of which a first installment of 0.30€ per share was paid in December 2021.
Last year, in 2021, the company paid a dividend of €0.90 per share in respect of the 2020 financial year.
Orange's dividend is paid annually to the group's shareholders, after a proposal by the board of directors and a vote by the shareholders.
The dividend payment schedule implemented by Orange is a little different from what is usually proposed by French companies listed on the stock exchange since the company breaks it down into two payments with an account in December of the financial year concerned and a balance in June of the following year.
Thus, in 2021, an interim dividend of €0.3 was paid in December and the balance of €0.4 will be paid in June 2022.
The Orange Group recently approved the total amount of the dividend that will be proposed to shareholders in 2022 for the financial year 2021. This 2022 dividend is a total amount of €0.70 per share, divided into two payments.
A first payment has already been made in December 2021 and the remaining €0.4 per share will be paid on 9 June 2022.
The Orange group has been paying its shareholders continuously, without any interruption, since 2005, i.e. for almost 20 years. To understand how this dividend evolves over time, here is a history of its amount over the last ten years with the annual rate of change from year to year:
Looking at this summary of the history of the Orange share dividend, we can see that this amount has been decreasing in recent years with an average loss of 1.59% per year over the last five years and an average decrease of 7.99% per year over the last ten years. However, as we will see below, this amount is not the only element to take into account when evaluating this stock.
In order to estimate the profitability of a share as a long-term asset, we must not only rely on the amount of the dividend paid by this company but also on its share price. These two elements are used to calculate the yield of this share, which is obtained by dividing the amount of the dividend by the share price.
The dividend paid by Orange in 2021 and for the financial year 2020 thus shows a yield of 8.67% and that of 2022 increases to 6.05%.
Historically, we also note that the payout ratio applied by the Orange group is more than 100%, which means that the company uses more than its profits to remunerate its shareholders, which may represent a brake on its growth due to a lack of available cash flow to finance new projects.
Over the last 10 years, Orange Group has paid a dividend with an average yield of 5.79%, which is slightly below its 2022 yield. Here is its history: