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#gielda

Bayer is planning to slash its dividend by 95% from €2.4 to legal minimum of €0.11/share over the coming 3yrs to pay down debt as the German comp looks to recover from multiple crises including a wave of litigation over Roundup herbicide. This dividend cut will reduce cash outflow by €2.3bn pa over the period (relative to 2022 declared dividend – aggregate saving €6.9bn)
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