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BASF plans to increase cash returned to shareholders
22 Feb '07
2 min read
The Board of Executive Directors of BASF Aktiengesellschaft decided to propose to the Annual Meeting on April 26, 2007 to increase the dividend for 2006 by €1.00 to €3.00 per share. The decision is subject to approval by the company's Supervisory Board in its meeting on February 27, 2007.
On the basis of the number of qualifying shares as of December 31, 2006, this would correspond to a total dividend payment of approximately €1.5 billion. Relative to the 2006 year-end share price of €73.85, BASF shareholders will thus receive a dividend yield of 4.1 percent. If the proposal is approved by the Annual Meeting, the dividend will be paid out on April 27, 2007.
The Board of Executive Directors of BASF Aktiengesellschaft also resolved to buy back shares for a total of €3 billion in 2007 and 2008. The share buyback is subject to the appropriate authorizations by the Annual Meeting.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas.
As a reliable partner to virtually all industries, BASF's high-value products and intelligent system solutions help its customers to be more successful. BASF develops new technologies and uses them to meet the challenges of the future and open up additional market opportunities.
On the basis of the number of qualifying shares as of December 31, 2006, this would correspond to a total dividend payment of approximately €1.5 billion. Relative to the 2006 year-end share price of €73.85, BASF shareholders will thus receive a dividend yield of 4.1 percent. If the proposal is approved by the Annual Meeting, the dividend will be paid out on April 27, 2007.
The Board of Executive Directors of BASF Aktiengesellschaft also resolved to buy back shares for a total of €3 billion in 2007 and 2008. The share buyback is subject to the appropriate authorizations by the Annual Meeting.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, agricultural products and fine chemicals to crude oil and natural gas.
As a reliable partner to virtually all industries, BASF's high-value products and intelligent system solutions help its customers to be more successful. BASF develops new technologies and uses them to meet the challenges of the future and open up additional market opportunities.
BASF, Germany
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