In 2009, Bayer stock outperformed the DAX and EURO STOXX 50 indices for the third consecutive year, gaining 34.7 percent over the year. Including the dividend of €1.40 per share paid in May 2009, the share price performance was 39.8 percent. Bayer shares ended 2009 at €55.96, very close to their high for the year. A long-term investor who purchased Bayer shares for €10,000 five years ago and reinvested all dividends would have seen the value of the position grow to €27,247 as of December 31, 2009. That corresponds to an average annual return of 22.2 percent.
Equity was €18,951 million as of December 31, 2009, including €54 million attributable to non-controlling interests. Our stockholder structure is still very international: according to a survey of shareholdings by institutional stockholders conducted in 2009, around 28.60 percent of the identified capital is held by investors based in the United States and Canada, while 25.74 percent is held by investors based in Germany. 8.48 percent of investors are based in France, Spain, Italy and Portugal, 7.10 percent in the United Kingdom and Ireland, 4.57 percent in the Benelux countries, 4.56 percent in Austria, Switzerland and Liechtenstein, and 3.11 percent in Denmark, Finland, Norway and Sweden. All other countries together account for 0.26 percent of institutional investors. The survey covered all but 17.58 percent of the capital stock.
The Board of Management and Investor Relations Department maintain a regular dialogue with private and institutional investors, for example through the Annual Stockholders’ Meeting, investors’ conferences, private investment forums and roadshows. Bayer also explained its commitment to sustainability at one-on-one meetings and conferences with investors.
Following the resolution adopted at the Annual Stockholders’ Meeting on May 12, 2009, Bayer AG converted its entire capital stock of 826,947,808 bearer shares into registered shares at a ratio of 1:1 in September 2009. Listing our stockholders in the share register is intended to facilitate contact with them and increase transparency.
* Not directly allocated to the subgroups; mainly sales of the service companies