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(Telecompaper) Orange said its board of directors has proposed to cut the 2019 dividend in response to the Covid-19 crisis, from EUR 0.70 to EUR 0.50 per share. Alongside this reduction of nearly 30 percent, the group has decided to review the objective to distribute a EUR 0.70 per share dividend over the 2020-2023 period, saying that a reassessment will be carried out at a later date in light of the evolving situation. The board of directors has also provided for the right to offer shareholders the option of being paid a 2020 interim dividend in Orange shares.
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