Ludwigshafen, Germany — BASF’s financial strength backs a proposed stable dividend of €3.40 per share for 2023, the chemical giant said Friday.
Despite lower sales due to reduced prices and demand, the DAX company’s operating cash flow rose by 5.2% to €8.1 billion. An additional cost-saving program for the Ludwigshafen site aims for €1 billion in annual savings by 2026.