At the Annual Meeting, the Board of Executive Directors and the Supervisory Board will propose a dividend payment of €2.20 per share. We stand by our ambitious dividend policy and plan to pay out around €2 billion to our shareholders (based on the number of qualifying shares on December 31, 2010). Based on the year-end share price for 2010, BASF shares offer a high dividend yield of 3.69%. BASF belongs to the DivDAX share index, which contains the 15 companies with the highest dividend yield in the DAX 30. We continue to aim to increase our dividend each year, or at least maintain it at the previous year’s level.
Dividend per share1 (€ per share)
1 Adjusted for two-for-one stock split conducted in the second quarter of 2008
Conversion to registered shares completed
At the beginning of August 2010, BASF shares were converted from bearer shares to registered shares, enabling better and more direct communication with shareholders. This will also simplify the registration process and issuing of proxies for the Annual Meeting.