BASF's Dividend Cut Disappoints -- Market Talk

Dow Jones09-26

0852 GMT - BASF's dividend cut and reliance on upcycle conditions for its revised mid-term targets disappoint, Jefferies analysts say in a note. The German chemical giant's revised mid-term targets ahead of its capital markets day were broadly in line with consensus. BASF's dividend cut to 2.25 euros per share is supplemented by a 4 billion-euro buyback starting by 2027, maintaining overall shareholder returns flat through 2028, the analysts say. BASF adjusted Ebitda target of between 10 billion euros to 12 billion euros by 2028 came above Jefferies estimates but is subject to mid to upcycle market conditions, they say. Shares fall 2.8%. (helena.smolak@wsj.com)

(END) Dow Jones Newswires

September 26, 2024 04:52 ET (08:52 GMT)

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The German chemical giant's revised mid-term targets ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4098","symbol_name":"多种化学制品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2470204768","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470204768","pubTimestamp":1727340720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0852 GMT - BASF's dividend cut and reliance on upcycle conditions for its revised mid-term targets disappoint, Jefferies analysts say in a note. 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