Bayer AG's shares slid in volatile trading on Tuesday after the drugmaker said it would slash its dividend over the next three years to reduce its debt.
Bayer said late on Monday it would propose a dividend of 0.11 euro ($0.12) for 2023, part of a three-year policy to pay out the legal minimum. That compares with 2.40 euros a year earlier, and expectations of a dividend of 1.92 euros, according to a consensus published on its website.
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