LEVERKUSEN (dpa-AFX) - Specialty chemicals company Lanxess AG (LNXSF.PK) Friday said it is seeking to increase the dividend or at least maintain it at a stable level.
At this year's Annual Stockholders' Meeting, the Board of Management and the Supervisory Board proposed that the dividend for 2015 be increased 20 percent to 0.60 euro. This would result in a total dividend payout of around 55 million euros.
The company noted that following a strong first quarter, the second quarter has also begun well. Although the global economy is currently going through troubled waters, the company assumes that it continue to develop positively.
LANXESS continues to expect EBITDA pre exceptionals for the full year to come in at between 900 million euros and 950 million euros.
The company added that its new growth platform includes businesses with specialty chemicals, intermediates and high-performance plastics. In principle, LANXESS intends to focus on mid-sized markets and the growth regions of North America, China and Southeast Asia.
In the years ahead, LANXESS plans to use some 400 million euros of the proceeds from the rubber transaction in organic growth.
LANXESS shares were gaining 2.31 percent to trade at 42.37 euros.
Copyright RTT News/dpa-AFX