Orange CEO Pledges to Boost Dividend With Focus on Cost Cuts
- Richard says has objective to return to 70 cents during 2020
- CEO urges investor focus on “economic reality” of company
Stephane Richard
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Orange SA, France’s biggest telecommunications company, pledged to restore the dividend to its pre-pandemic level as soon as this year and to be “ambitious” on cost savings.
Orange had cut its 2019 dividend to 50 cents from a target of 70 cents per share in April. It told investors in July that they would be informed by the end of the year if the payout goal would return to the previous level for 2020.