- Volkswagen AG 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 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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