Covestro to increase or keep annual div stable over mid term

February 23, 2016 9:00 AM

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COLOGNE, Germany Feb 23 Covestro, Bayer's separately listed plastics division, said it planned to top up its dividend for this year, part of a new policy to raise the payout per share or at least keep it stable from year to year over the medium term.

The maker of transparent plastics for panoramic roofs and roadside noise barriers plans to raise its dividend for 2016 and pay out 30 to 50 percent of this year's net income.

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