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LANXESS increases dividend

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June 6, 2017June 6, 2017

At this year’s Annual Stockholders’ Meeting, specialty chemicals company LANXESS was able to look back at a year of strong figures and groundbreaking changes. “LANXESS today is a realigned enterprise that is profitable, stable and fast-growing,” stressed Matthias Zachert, Chairman of the Board of Management at LANXESS, in his presentation before the stockholders at the LANXESS arena in Cologne. In view of the encouraging business results, the Board of Management and the Supervisory Board proposed to the Annual Stockholders’ Meeting that a dividend of EUR 0.70 be paid out – an increase of 17 percent against the previous year. This would result in a total dividend payout of around EUR 64 million. “We are thus achieving our goal of paying an increasing but at least stable dividend,” said Zachert.

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Last updated: March 20, 2024
by and Alex Morrell is a senior correspondent at Business Insider covering Wall Street at large.

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