BASF Announces Stable Dividend Proposal

Robust Financial Performance Underpins Proposed Dividend

Dividend Yield of 7% Based on Current Share Price

Ludwigshafen, Germany - BASF (BAS: DE) proposes to maintain a stable dividend for the 2023 fiscal year, reflecting the company's strong financial performance and commitment to shareholder returns.

The proposal, which will be put forward to the company's Annual General Meeting, recommends a dividend of €340 per share. This is in line with the dividend paid in the previous financial year.

Based on the current share price of €4881, the proposed dividend translates into a dividend yield of approximately 7%, making BASF shares an attractive investment for income-oriented investors.

BASF's robust financial position provides a solid foundation for the proposed dividend. The company reported strong results for the 2023 fiscal year, with sales growing by 11% and earnings per share increasing by 15%.

The proposed dividend is a testament to BASF's commitment to returning value to shareholders while maintaining financial flexibility for future growth and investment.