BASF proposes dividend of €2.20 per share
The Board of Executive Directors of BASF SE has decided to propose to the Annual Meeting on May 6, 2011 a dividend of €2.20 per share for 2010. The decision is subject to approval by the company’s Supervisory Board in its meeting on March 3, 2011.
- (1888PressRelease) February 28, 2011 - On the basis of the number of qualifying shares as of December 31, 2010, the dividend of €2.20 per share would correspond to a total dividend payment of approximately €2.0 billion. Relative to the 2010 year-end share price of €59.70, BASF shareholders would thus receive a dividend yield of 3.7 percent. If the proposal is approved by the Annual Meeting, the dividend will be paid out on May 9, 2011.
BASF aims to increase its dividend each year or at least maintain it at the previous year’s level.
About BASF
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of about €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com or in its Social Media Newsroom at newsroom.basf.com.
Forward-looking statements
This release contains forward-looking statements. These statements are based on current experience, estimates and projections of BASF management and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict and are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause the actual results, performance or achievements of BASF to be materially different from those that may be expressed in or implied by such statements. We do not assume any obligation to update the forward-looking statements contained in this release.
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