Biotest AG (BIESF) cut its annual dividend to $0.0341 per share from $0.047 — a -27.4% change — effective with the ex-dividend date of 2026-07-22.

A dividend reduction is a material change worth examining alongside the company's earnings and payout coverage.

Special and one-time payments are excluded from this comparison; the figures reflect the regular dividend only. This note is informational, not advice.