Virtual Annual Meeting and Agenda
The annual general meeting of BASF SE will take place on May 2, 2025 as a virtual event. The most significant items on the agenda include the distribution of the balance sheet profit and the discharge of the management board and supervisory board.
- Agenda Item 1: Presentation of the annual financial statements for 2024 with management reports (no resolution).
- Agenda Item 2: Resolution on Dividend Distribution. The dividend has already been reduced to 2.25 Euros per share.
- Agenda Item 3–5: Discharge of the bodies as well as the election of the auditor for 2025.
Dividend Adjustment and Market Reaction
The reduced dividend reflects challenges such as margin pressure or investment needs. Analysts are skeptical, which is reflected in a reduced price target of 45 Euros. This is particularly significant for dividend hunters, as decreasing payouts affect return expectations.
Counterproposals from Shareholders
Shareholders have submitted several counterproposals according to §§126/127 of the German Stock Corporation Act, specifically regarding auditor appointments or the use of the balance sheet profit. These are available online and allow for alternative voting.
Practical Information for Participation
Registration for electronic participation was possible until April 25, 2025. Physical attendance is not planned; applications must be submitted digitally.
The combination of a reduced dividend and anticipated discussions at the annual meeting suggests a strategic realignment at BASF, which is significant for long-term oriented investors.