from Bayer Aktiengesellschaft (isin : DE000BAY0017)
EQS-Adhoc: Bayer Aktiengesellschaft: Bayer plans to amend its dividend policy to reduce debt
EQS-Ad-hoc: Bayer Aktiengesellschaft / Key word(s): Dividend
Bayer Aktiengesellschaft: Bayer plans to amend its dividend policy to reduce debt
19-Feb-2024 / 17:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Leverkusen, February 19, 2024 – Bayer AG plans to amend its dividend policy to pay out the legally required minimum for three years. This follows a review of the company’s capital allocation priorities to reduce debt. This change would result in a dividend of 0.11 euros per share for fiscal year 2023. The Board of Management and the Supervisory Board will present this dividend proposal for shareholder vote at the Annual Stockholders’ Meeting on April 26, 2024.
This proposal comes as Bayer faces a high level of debt, coupled with high interest rates and a challenging free cash flow situation. One of the company’s top priorities is reducing debt and increasing flexibility. The amended dividend policy, which considered investor input and was not taken lightly, aims to help the company do so.
Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
Contact:
Mr. Peter Dahlhoff, Bayer AG, Investor Relations, Phone: +49-214-60001494, e-mail: peter.dahlhoff@bayer.comEnd of Inside Information
19-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Bayer Aktiengesellschaft |
| Kaiser-Wilhelm-Allee 1 | |
| 51373 Leverkusen | |
| Germany | |
| Phone: | +49 (0)214 30-72704 |
| E-mail: | ir@bayer.com |
| Internet: | www.bayer.com |
| ISIN: | DE000BAY0017 |
| WKN: | BAY001 |
| Indices: | DAX, EURO STOXX 50, Stoxx 50 |
| Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Hanover, Munich, Stuttgart; Regulated Unofficial Market in Tradegate Exchange |
| EQS News ID: | 1840295 |
| End of Announcement | EQS News Service |
1840295 19-Feb-2024 CET/CEST