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flag Bayer plans to reduce its dividend in 2023.

flag Bayer plans to reduce its dividend by 95% in 2023 to EUR 0.11 per share, down from EUR 2.40 in 2022, as part of its efforts to reduce debt, improve flexibility, and manage challenging free cash flow circumstances. flag The decision is part of CEO Bill Anderson's broader push to turn around the struggling company, which has been dealing with a wave of litigation over Roundup herbicide, a wave of debt accumulated from the 2018 acquisition of Monsanto Co, and rising interest rates.

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