Dividend
(Condensed, in accordance with the German Commercial Code)
DIVIDEND POLICY
Our dividend policy matches our financial strategy. In the interests of all stakeholders, we aim for continuous dividend growth so that our shareholders can participate in a manner which is commensurate with our business success. The proposed dividend therefore reflects our financial management objectives – in particular, ensuring a solid financial foundation as part of the implementation of our strategy.
In our Group strategy, we aim to achieve a payout ratio of at least 30%. The payout ratio is based on the Group’s earnings after tax attributable to Volkswagen AG shareholders. It amounts to 24.5% for the reporting period and stood at 20.4% in the previous year.
DIVIDEND PROPOSAL
In fiscal year 2019, net retained profits amounted to €3.3 billion. The Board of Management and Supervisory Board are proposing to pay a total dividend of €3.3 billion, i.e. €6.50 per ordinary share and €6.56 per preferred share.
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PROPOSAL ON THE APPROPRIATION OF NET PROFIT |
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€ |
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2019 |
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Dividend payout on subscribed capital (€1,283 million) |
3,270,791,536.20 |
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of which on: |
ordinary shares |
1,918,083,817.00 |
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preferred shares |
1,352,707,719.20 |
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Balance (carried forward to new account) |
2,572,003.60 |
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Net retained profits |
3,273,363,539.80 |
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