BFFAF - BASF: Performance Looks Good And So Does The 5% Dividend Yield
- BASF performance has been dwindling since the year 2017 with EBIT declining more than 50%.
- In the wake of the global pandemic, the company booked a loss but remained committed to the dividend.
- Based on first-quarter performance, an EBIT increase from EUR 3.56bn (2020) to a minimum of EUR 5.0bn (2021) is expected.
- Dividend is expected to be raised, and the forward dividend yield is 4.9%.
- The expected yield gives an interesting opportunity to initiate a long position in the year-to-date trading range of US$19 to 21.
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BASF: Performance Looks Good And So Does The 5% Dividend Yield