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BASF proposes dividend of ?2.20 per share

February 24/2011

(BASF) -- The Board of Executive Directors of BASF SE has decided to propose to the Annual Meeting on May 6, 2011 a dividend of ?2.20 per share for 2010. The decision is subject to approval by the companys Supervisory Board in its meeting on March 3, 2011. 

On the basis of the number of qualifying shares as of December 31, 2010, the dividend of ?2.20 per share would correspond to a total dividend payment of approximately ?2.0 billion. Relative to the 2010 year-end share price of ?59.70, BASF shareholders would thus receive a dividend yield of 3.7 percent. If the proposal is approved by the Annual Meeting, the dividend will be paid out on May 9, 2011.

BASF aims to increase its dividend each year or at least maintain it at the previous years level.

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