Registration document 2007 - Total.com

Dividends
Dividend policy
In accordance with the distribution policy announced at the
General Meeting of Shareholders on May 14, 2004, an interim
dividend is paid in the fourth quarter of each year, except under
extraordinary circumstances.
The Board of Directors met on November 7, 2006 and, after
approving the accounts as of September 30, 2006, approved an
interim 2006 dividend in the amount of 0.87 euros per share paid
on November 17, 2006.
For the fiscal year 2006, as in the past, TOTAL continued its
dynamic dividend policy by proposing a dividend of 1.87 euros
per share to the General Meeting of Shareholders, including a
balance of 1.00 euro per share, which would be payable on May
18, 2007. This dividend of 1.87 euros represents an increase of
15% compared to the previous year. Over the past five years, this
increase amounts to an average of 16% per year. In 2006,
TOTAL’s pay-out ratio was 34% (1) .
(1) On the basis of adjusted net earnings per share.
1.03
2002
1.18
2003
Amounts adjusted in order to take into account the four-for-one stock split effective as from
May 18, 2006.
Dividend payment
TOTAL and its shareholders
Dividends
1.35
2004
2005
2006
The dividend payment, which is entrusted to BNP Paribas
Securities Services, is made through financial account holder
intermediaries using the EUROCLEAR France direct payment
system.
THE BANK OF NEW YORK (101 Barclay Street, New York, NY
10286, USA) arranges for the payment of dividends to holders of
American Depositary Receipts (ADRs).
1.62
1.87
Remaining balance
of dividend
Interim dividend
6
TOTAL – Registration Document 2006 131