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Home»Finance»Volkswagen to pay special dividend from Porsche IPO in early January
Finance

Volkswagen to pay special dividend from Porsche IPO in early January

October 15, 2022No Comments1 Min Read
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FRANKFURT, Oct 14 (Reuters) – Volkswagen (VOWG_p.DE) on Friday mentioned it might suggest to pay a particular dividend of 19.06 euros ($18.66) per share from the proceeds of the itemizing of Porsche AG (P911_p.DE).

The proposal will likely be voted on at a unprecedented common assembly (EGM) scheduled for Dec. 16 and the particular dividend is due on Jan. 9, 2023, based on the EGM invite revealed on Friday.

Volkswagen beforehand flagged that it deliberate to pay out 49% of the proceeds from the preliminary public itemizing of Porsche AG in early 2023, with out offering extra granular particulars.

($1 = 1.0216 euros)

Reporting by Christoph Steitz, Enhancing by Miranda Murray

: .

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Dividend early IPO January Pay Porsche special Volkswagen
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