Supervisory Board agrees with dividend proposal of €2.00 per share
In its meeting today (February 28, 2006), the Supervisory Board of BASF Aktiengesellschaft, Ludwigshafen, approved the financial statements of BASF Aktiengesellschaft for 2005 as well as the consolidated financial statements of BASF Group, which were submitted by the Board of Executive Directors. In addition, the Supervisory Board agreed with the dividend proposal made by the Board of Executive Directors.
The Board of Executive Directors and the Supervisory Board of BASF Aktiengesellschaft will therefore propose to the Annual Meeting on May 4, 2006, the payment of an increased per-share dividend of €2.00 for 2005 (2004: €1.70).
On the basis of the number of qualifying shares as of February 20, 2006 - the day the financial statements were drawn up - this corresponds to a total dividend payment of €1,018 million. Subject to approval by the Annual Meeting, the dividend will be paid out on May 5, 2006.
Relative to the 2005 year-end share price of €64.71, BASF shareholders will thus receive a dividend yield of 3.09 percent. In terms of the dividend yield, BASF shares continue to occupy a very good position among companies listed in Germany’s DAX index.
This release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections of BASF management and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict and are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause the actual results, performance or achievements of BASF to be materially different from those that may be expressed or implied by such statements. Such factors include those discussed in BASF’s Form 20-F filed with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking statements contained in this release.
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