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Bayer to pay dividend of 2.10 eur/shr, above market view
February 26, 2014 / 12:40 PM / 4 years ago

Bayer to pay dividend of 2.10 eur/shr, above market view

FRANKFURT, Feb 26 (Reuters) - Germany’s largest drugmaker Bayer said it will propose an annual dividend of 2.10 euros ($2.90) per share to investors, more than the 2.07 euros expected on average by analysts.

The company has a long-term 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.

Bayer is due to report fourth-quarter results on Friday, Feb. 28. ($1 = 0.7282 euros) (Reporting by Ludwig Burger; Editing by Harro ten Wolde)

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