A decent Q3 for Orange as the impact of COVID-19 was more limited than in Q2 with only the sharp decline in roaming due to travel restrictions.
The key point of this release is, however, a proposed return to a €0.70 dividend for 2020 (with an interim dividend of €0.40 in December).
We maintain our Strong Buy on the stock with a 7.75% dividend yield for the coming 12 months.
29 Oct 2020
A return to a €0.70 dividend for 2020
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A return to a €0.70 dividend for 2020
A decent Q3 for Orange as the impact of COVID-19 was more limited than in Q2 with only the sharp decline in roaming due to travel restrictions.
The key point of this release is, however, a proposed return to a €0.70 dividend for 2020 (with an interim dividend of €0.40 in December).
We maintain our Strong Buy on the stock with a 7.75% dividend yield for the coming 12 months.