February 21, 2017 / 11:55 AM / 8 months ago

Bayer to pay out 2.70 eur/shr dividend, in line with market view

FRANKFURT, Feb 21 (Reuters) - Germany’s largest drugmaker Bayer said on Tuesday it would propose an annual dividend of 2.70 euros per share to investors, in line with analysts’ expectations and up from 2.50 euros a year earlier.

The company, which is buying seed maker Monsanto, has a long-term policy of paying out 30 to 40 percent of core earnings per share, which it defines as net income excluding goodwill amortisation and one-off writedowns.

Bayer is due to report fourth-quarter results on Wednesday. (Reporting by Ludwig Burger; Editing by Maria Sheahan)

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