VW Passenger Car Sales Rise Along with Shareholder Dividend
It’s been a good year for Volkswagen Group thus far. Sales are up, and that is good news for shareholders. With sales up, so are dividends for VW shareholders.
It has been a strong first quarter for Volkswagen, and the good news continues with the delivery of passenger cars. The Volkswagen Passenger Cars brand delivered almost two million vehicles for the first time in the first four months of a year. A record 1.99 million vehicles were handed over to customers in the period from January to April, representing an increase of 4.6% (January-April 2013: 1.91 million). VW delivered more than half a million units in April alone (513,400) up 6.8% (April 2013: 480,900).
The shareholders of Volkswagen Aktiengesellschaft are to receive a dividend of €4.00 (previous year: €3.50) per ordinary share and €4.06 (€3.56) per preferred share for fiscal year 2013. The shareholders present and represented at the 54th Annual General Meeting held in Hanover on Tuesday voted by a majority of 99.97 percent to approve the recommendation of the Board of Management and the Supervisory Board. Approximately €1.9 billion will therefore be appropriated from the net profit of Volkswagen AG. Further resolutions passed by 92.45% of the ordinary shareholders present and represented at the Annual General Meeting included formal approval of the actions of the members of the Board of Management and the Supervisory Board for fiscal 2013.
Christian Klingler, Board Member for Sales and Marketing for the Volkswagen Group and the Volkswagen Passenger Cars brand, commented on sales:
Volkswagen Passenger Cars grew deliveries yet again in April. On the one hand that is due to good sales developments in China and Europe, and on the other it is attributable to sustained high demand for products such as the Golf, now in the seventh generation of its 40-year history, where the success story continues. However, the global market is still a mixed bag and therefore remains challenging.
Volkswagen will no doubt see a boost in sales this fall, when the 2015 Golf debuts. It was announced that the base price of the two-door Golf Launch edition would be $17,995, with prices varying for different options and trim packages.