The Q4 performance was pretty much in line with our expectations.
The key point is that Orange has announced it will increase its dividend floor to 72 euro cents for 2023, and to 75 euro cents for 2024. Very good news indeed in that only three months ago the group had dashed our hopes of a 2022 dividend increase despite the sharp expected rise in Orange’s cash flow in 2022 (+27% yoy).
We maintain our Buy on the stock.
16 Feb 2023
The dividend will finally be increased in 2023 and 2024
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The dividend will finally be increased in 2023 and 2024
Orange (ORA:EPA), 0 | Orange SA (ORA:PAR), 0
- Published:
16 Feb 2023 -
Author:
Jean-Michel Salvador -
Pages:
3
The Q4 performance was pretty much in line with our expectations.
The key point is that Orange has announced it will increase its dividend floor to 72 euro cents for 2023, and to 75 euro cents for 2024. Very good news indeed in that only three months ago the group had dashed our hopes of a 2022 dividend increase despite the sharp expected rise in Orange’s cash flow in 2022 (+27% yoy).
We maintain our Buy on the stock.