German chemicals and pharmaceuticals giant Bayer said Wednesday it will increase its dividend payout to shareholders for 2013.
Bayer said in a statement it will pay shareholders 2.10 euros per share for last year, up from 1.90 euros a year earlier.
"In this way, we intend our stockholders to appropriately participate in Bayer's success. The significant increase in the dividend is also an expression of our confidence in the company's future performance," said chief executive Marijn Dekkers.
With 826.95 million shares entitled to the dividend, the total dividend payment will amount to 1.74 billion euros, up from 1.57 billion euros in 2012.
Bayer is scheduled to publish its 2013 earnings on Friday.
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