Dividend
(Condensed, in accordance with the German Commercial Code)
DIVIDEND POL ICY
Our dividend policy matches our financial strategy. In the interests of all stakeholders, we aim for continuous dividend growth that allows our shareholders to benefit appropriately from 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 have set ourselves the goal of achieving a payout ratio of at least 30%. The payout ratio is based on the Group’s earnings after tax attributable to Volkswagen AG shareholders. This amounts to 29.0% for the reporting period and stood at 18.1% in the previous year.
DIVIDEND PROPOSAL
In fiscal year 2020, net retained profits amounted to €4.0 billion. The Board of Management and Supervisory Board are proposing to pay a total dividend of €2.4 billion, i.e. €4.80 per ordinary share and €4.86 per preferred share.
DownloadPROPOSAL ON THE APPROPRIATION OF NET PROFIT |
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€ |
2020 |
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Dividend payout on subscribed capital (€1,283 million) |
2,418,589,589.10 |
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of which on: |
ordinary shares |
1,416,431,126.40 |
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preferred shares |
1,002,158,462.70 |
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Balance (carried forward to new account) |
1,609,493,827.80 |
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Net retained profits |
4,028,083,416.90 |
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