BASF slashes dividend for next 4 years
BASF to cut dividend for next four years, shed non-core assets in overhaul
BASF (OTCQX:BASFY) -2.7% in Frankfurt trading Thursday after cutting its dividend and raising the possibility of splitting off some businesses, in a broad corporate overhaul that could include further plant closures in Germany as it grapples with weak demand in Europe.
BASF slashes dividend for next 4 years amid structural overhaul
German chemicals giant BASF on Thursday slashed the dividends it plans to pay out in 2025 and in the following three years to preserve cash as it grapples with weak demand in Europe and eyes splitting off several businesses.
BASF Slashes Dividend, Weighs Unit Listing as Slump Deepens
BASF SE will cut its dividend and hive off assets as part of a broad overhaul that could involve further plant closures in Germany to counter high energy prices and a persistent slump in China.Most Read from BloombergNJ Transit,
BASF slashes dividend amid worsening German industrial gloom
Ahead of a capital markets day, BASF warned investors on Thursday that it would pay a dividend of “at least €2.25 per share” in 2024 and the following three years, having previously promised to keep payouts to shareholders at last year’s level of €3.40.
BASF shares down after dividend cut proposal for next four years
Shares of BASF (ETR: BASFN) were down on Thursday after it announced a reduction in its dividend, proposing a minimum annual payout of €2.25 per share for the 2
BASF Seeks Overhaul With Lower Dividend, Focus on Core Units
BASF SE will cut its dividend and hive off assets as part of a broad overhaul that could involve further plant closures in Germany to counter high energy prices and a persistent slump in China.
BASF Open to Shed Noncore Assets to Streamline Portfolio
BASF is open to divesting its noncore businesses in an effort to streamline its portfolio, the latest in a string of Chief ...
BASF targets partial listing of agriculture division
BASF is planning a partial listing of its agricultural business because the stock market is underestimating the unit's ...
academy1h
Takazuri and BASF collaborate to support climate resilient construction in Eastern Africa
Alongside BASF, Takazuri has strategically partnered with Gabriel Chemie, a leading masterbatch producer in Europe, who ...
EQS-Adhoc: BASF SE: BASF sets new direction with corporate strategy and maintains high level of shareholder distributions
BASF’s strong balance sheet and cash flows will support the payment of dividends and the execution of share buybacks. Furthermore, the company will bring down capital expenditures well below ...
BASF Set to Announce Agri Chemicals Listing Plan in Overhaul
BASF SE’s new leader is gearing up to announce a series of overhaul measures later this month, including plans for the future ...
Brownfield Ag News2d
BASF: Over-the-top dicamba not likely in 2025
A technical services representative with BASF says farmers should find an alternative to over-the-top dicamba herbicide in ...
BASF Defines 2025 To 2028 Financial Targets, Updates Dividend Policy
BASF (BFA.L, BASFY.PK) defined financial targets for 2025 to 2028 and updated its dividend policy accordingly. EBITDA before special ...
C&EN9h
BASF readies a massive restructuring
BASF’s plan for its agrochemical business is the most advanced. Its goal is to get the business ready for an initial public ...