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FRANKFURT (Dow Jones) – As in previous years, Volkswagen shareholders have endorsed the actions of Board and Management Board members by a majority vote. The removal of private administrators accounted for more than 99 percent of the vote at an online conference on Thursday. In addition, shareholders approved a dividend of EUR 7.50 (previous year: 4.80) for each common stock and EUR 7.56 (4.86) for each proposed stock for the 2021 financial year, as the group announced.
Last year, despite the supply constraints in semiconductors and the high cost of raw materials, VW added more benefits than analysts expected. The first Audi and Porsche brands in particular, but also the main VW brand, contributed to higher revenue growth.
The allocation resolution and release of VW executives were certain during the digital conference again. Many investors in Volkswagen are unable to push their own proposals because the founding families, Porsche and Pich, together own most of the common shares. The state of Lower Saxony also holds about 20 percent of the voting rights.
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(END) Dow Jones Newswires
May 12, 2022 11:34 ET (15:34 GMT)
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