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BASF investors benefit from dividend payments: EUR 3.40 per share
BASF share holders can look forward to a dividend distribution! Find out more about the upcoming payment and the 2023 dividend yield.
BASF investors benefit from dividend payments: EUR 3.40 per share
The general meeting of BASF, a DAX 40 stock, took place on April 25, 2024, at which the shareholders approved a dividend payment for 2023 of EUR 3.40 per share. This distribution corresponds to the dividend history of the previous year, without any changes. The total costs for this distribution amount to EUR 3.03 billion, which represents a decrease of 1.24 percent compared to the previous year.
On the day of BASF's general meeting, the security closed at EUR 50.99 on XETRA. However, the share price fell after ex-dividend trading. BASF's dividend yield for 2023 is 6.97 percent, which represents a slight decrease of 7.33 percent compared to the previous year. Despite a share price reduction of 28.54 percent over three years, the total return (yield and dividend) increased by -0.785 percent, which is higher than the share price increase.
In comparison with other companies in the peer group such as WACKER CHEMIE, Merck and Henkel vz, BASF proves to be a leading dividend stock with the highest dividend yield. Forecasts for 2024 suggest a cut in BASF's dividend to EUR 3.35, with an expected dividend yield of 6.56 percent, according to FactSet analysts.
BASF is a DAX 40 company with a current market value of EUR 45.873 billion, a price-earnings ratio of 193.50 and sales of EUR 68.902 billion in 2023. Earnings per share (EPS) amount to EUR 0.25, making BASF a strong dividend stock. Analysts and shareholders are looking forward to BASF's dividend payout and the company's future development.