BASF Supervisory Board approves dividend proposal of €3.00 per share
27 Feb '07
1 min read
In its meeting, the Supervisory Board of BASF Aktiengesellschaft, Ludwigshafen, approved the financial statements of BASF Aktiengesellschaft for 2006 as well as the consolidated financial statements of BASF Group, which were submitted by the Board of Executive Directors. In addition, the Supervisory Board approved the dividend proposal of €3.00 per share made by the Board of Executive Directors.
The Board of Executive Directors and the Supervisory Board of BASF Aktiengesellschaft will therefore propose to the Annual Meeting on April 26, 2007 the payment of an increased dividend of €3.00 per share for 2006. If the proposal is approved by the Annual Meeting, the dividend will be paid out on April 27, 2007.
On the basis of the number of qualifying share as of February 20, 2007 – the day the financial statements were drawn up – this corresponds 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. In terms of the dividend yield, BASF shares thus occupy a leading position among companies listed in Germany's DAX index.
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