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BFFAF - BASF: A True 'Buy And Forget' Stock With A 5% Dividend Yield
Basf Se Ord
Introduction
Last year, I kept tabs onBASF (BFFAF) (BASFY) as the share price of the chemical conglomerate continued to slide due to the increasing uncertainties about the world economy. The share price seems to have stabilized now and it does look like the market is already pricing in a general slowdown of the world economy.
Source: Yahoo Finance
Despite its current market cap of €62B, BASF doesn’t have a full US listing. Although its OTC listings are relatively liquid, I think it makes more sense to trade in the company’s