MOSCOW (MRC) -- The Board of Directors of Total, Europe’s third-largest oil company, has approved a third quarter 2013 interim dividend of EUR0.59 per share, reported the company on its site.
The Q3 dividend is unchanged versus the previous quarter, and payable in euros according to the following timetable: ex-dividend date March 24, 2014; record date March 26, 2014; payment date March 27, 2014.
American Depositary Receipts will receive the third quarter 2013 interim dividend in dollars based on the then-prevailing exchange rate according to the following timetable: ex-dividend date March 19, 2014; record date March 21, 2014; payment date April 11, 2014.
As MRC informed earlier, Total intends to invest EUR160m before 2016 to adapt its petrochemical platform in Carling, in the Lorraine region of eastern France, and to restore its competitiveness. Total plans indeed to develop new activities on the platform in the growing markets for hydrocarbon resins (Cray Valley) and for polymers, while shutting down the acutely loss-making steam cracker in the second half of 2015.
Total S.A. is a French multinational oil and gas company and one of the six "Supermajor" oil companies in the world with business in Europe, the United States, the Middle East and Asia. The company's petrochemical products cover two main groups: base chemicals and the consumer polymers (polyethylene, polypropylene and polystyrene) that are derived from them.
MRC