Consumables

BASF Supervisory Board approves dividend proposal

Monday 07. March 2011 - The Supervisory Board of BASF SE approved in today’s meeting the financial statements of BASF SE as well as the consolidated financial statements of BASF Group for 2010, which were submitted by the Board of Executive Directors.

In addition, the Supervisory Board approved the dividend proposal by the Board of Executive Directors. The Board of Executive Directors and the Supervisory Board will therefore propose to the Annual Meeting on May 6, 2011 the payment of a dividend of €2.20 per share for 2010 (previous year: €1.70).
On the basis of the number of qualifying shares as of December 31, 2010, the dividend proposal of €2.20 per share corresponds 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. Depending on the approval by the Annual Meeting, the dividend will be paid out to shareholders on May 9, 2011.
According to its dividend policy, BASF aims to increase its dividend each year or at least maintain it at the previous year’s level.