FRANKFURT (Dow Jones) – Bayer AG intends for the Fiscal year 2009, a constant dividend pay. The Supervisory Board has the Recommendation of the Board agreed to the Annual General Meeting on 30 April, an propose unchanged dividend of EUR 1.40 per share, said the Leverkusen-based company on Wednesday.
We want to – even in the current difficult environment – the operating profitability and future prospects of the Group’s accounting bear, "said Board Chairman Werner Wenning.
The proposal corresponds to a payout of 1.158 (Previous year: 1.070) billion. The increase due to the fact that the number of dividend shares during the conversion of mandatory convertible notes in June 2009 on 826,947,808 (764,343,225) units had increased.
Bayer sets the annual balance sheet 2009 before Friday.
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(END) Dow Jones Newswires
February 24, 2010 07:10 ET (12:10 GMT)
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