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Volkswagen Plans Special Dividend From Porsche IPO In January

Volkswagen AG (OTC:VWAGY) said it is planning to pay a special dividend of €19.06 ($18.66) per share from the…
byShivani Kumaresan
October 14, 2022
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  • 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.
 
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