- Volkswagen AG (OTC:VWAGY) said it is planning to pay a special dividend of €19.06 ($18.66) per share from the proceeds of the listing of Porsche AG (OTC: POAHY).
- The proposal is expected to be voted on at an extraordinary general meeting (EGM) scheduled for December 16, 2022.
- According to the EGM invite, the special dividend is due on January 9, 2023, Reuters reported.
- Also Read: Volkswagen Receives $8.8B Via Selling Preferred Porsche Shares
- Previously, Volkswagen said it planned to pay out 49% of the proceeds from the initial public listing of Porsche AG in early 2023.
- Price Action: VWAGY shares are trading lower by 1.16% at $15.66 on the last check Friday.
Global Payments Raises FY23 Outlook: Revenue $8.660B – $8.735B (From $8.635B – $8.735B Prior) Vs. $8.65B Estimate, Adj. EPS $10.35 – $10.44 (From $10.32 – $10.44 Prior) Vs. $10.34 Estimate
2023 Outlook
"Our outstanding financial results for the second quarter and year-to-date period reflect continued strong and consistent execution across our businesses, despite an uncertain macroeconomic
