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Bayer Cuts Dividend To The Bone To Cut Debt

 
• By Kevin Grogan

The embattled German major is touting a promising mid-stage thrombolytic but the spotlight this week has continued to shine on its business model and high levels of debt.

Bayer cross
• Source: Bayer

The last couple of years have been tough for Bayer AG and its investors, many of whom will be nonplussed by plans to slash its dividend by 95% as the conglomerate looks to bring down its vast debts built up from the ill-fated acquisition of Monsanto in 2018.

The Leverkusen-headquartered group is to pay a dividend of €0.11 per share for 2023, pointing out that this was the legally required minimum in Germany

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