Bayer plans to cut its dividend from €2.40 to €0.11 for 2023 to reduce debt.
Bayer announced plans to slash its dividend from €2.40 to €0.11 for 2023 to reduce debt, following a review of its capital allocation priorities. The German pharmaceutical and agricultural company is facing high debt, interest rates, and a challenging free cash flow situation. This move aims to help the company reduce debt and increase flexibility, according to CEO Bill Anderson.
February 19, 2024
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