Boost for shareholders
29/05/2008
The board of specialty chemicals company Lanxess has proposed raising the dividend based on last year's performance to €1 per share. The proposal came at the annual meeting of the company’s shareholders in Cologne.
The proposed dividend is four times greater than the one on offer last year for the 2006 results, but the company has suggested that the higher rate would put it in line with those of other companies in the sector. At the same time, it said that the increase reflected the company’s “successful strategy of profitable growth”.
The company plans to maintain this dividend policy in the future. “We want all our stockholders to benefit from the success of Lanxess in the coming years as well,” said Axel Heitmann, chairman of the board.
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