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 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 lowers 2025 dividend proposal to at least 2.25 eur per share
German chemicals giant BASF on Thursday lowered its dividend proposal for the 2024 business year to at least 2.25 euros ...
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 ...
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 ...
BASF Plans Total Shareholder Distributions of at Least EUR12B Between 2025 and 2028
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing ...
Spirit to begin furloughs in 3 weeks if strike at Boeing continues, FT reports
Spirit Aerosystems will begin furloughs in three weeks if a strike at its biggest customer Boeing continues, the Financial ...
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 targets partial listing of agriculture division - Reuters
BASF (BASFY) plans partial listing of agricultural business and considers options for coatings division, CEO Markus Kamieth ...
Live news: S&P 500 notches third record close this week
The S&P 500 closed at a record high for the third time this week as equities climbed ahead of Friday’s inflation report. The ...