February 26, 2013 / 12:10 PM / 5 years ago

Bayer says to pay dividend of 1.90 eur/shr, above market view

FRANKFURT, Feb 26 (Reuters) - Germany’s largest drugmaker Bayer said it will propose a dividend of 1.90 euros ($2.51) per share to investors, more than the 1.82 euros expected on average by analysts.

The company has a long-term a policy of paying out 30 to 40 percent of core earnings per share, which it defines as net income excluding goodwill amortisation and one-off writedowns.

It is due to report 2012 results on Thursday, Feb. 28. ($1 = 0.7567 euros) (Reporting by Ludwig Burger)

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