During the 55th annual Volkswagen AG shareholders meeting held in Hanover on Tuesday, May 5th, 2015, shareholders voted to increase the dividend for fiscal year 2014 by €0.80, or 20 percent, year-over-year.
As such, fiscal year 2014 dividends will be as follows:
- Regular share dividend: €4.80 per share, compared to €4.00 per share for fiscal 2013
- Preferred share dividend: €4.86 per share, compared to €4.06 per share for fiscal 2013
To account for the increase in distribution, the company will set aside roughly €2.3 billion of its net profit.
Notably, the dividend increase was recommended by Volkswagen Aktiengesellschaft’s Board of Management and the Supervisory Board. Shareholders present and represented at the meeting voted by a majority (99.99 percent) to approve the boards’ recommendation to increase the dividend.