In a decisive vote at the Annual General Meeting, Volkswagen AG shareholders overwhelmingly approved the actions of the Board of Management and Supervisory Board, endorsing a notable increase in the dividend for the 2023 financial year. With a majority of 99.99%, shareholders resolved to pay EUR 9.00 per ordinary share and EUR 9.06 per preference share, marking a €0.30 per share increase and reflecting a payout ratio of 28%.
This decision translates to a total distribution of €4.5 billion to Volkswagen shareholders, reinforcing their stake in the company’s financial success. From 2021 to 2023, Volkswagen has paid over €22 billion to its shareholders, including a special dividend linked to the Porsche IPO.
In addition to approving the dividend, shareholders also passed a resolution formally approving the actions of the Board of Management and Supervisory Board members who served during the 2023 fiscal year. Furthermore, Dr. Hessa Sultan Al Jaber, Dr. Hans Michel Piëch, and Dr. Ferdinand Oliver Porsche were re-elected for another term on the Supervisory Board.
Michael Brendel, Head of Supervisory Board Communications, and Christopher Hauss, Head of Strategy & Finance Communications, highlighted the company’s commitment to its shareholders and the robust financial strategies underpinning these decisions.
This approval signifies confidence in Volkswagen’s leadership and strategic direction, underscoring the company’s continued growth and shareholder value enhancement.
