Volkswagen AG Announces Dividend of $0.55 (OTCMKTS:VWAGY)

Volkswagen AG (OTCMKTS:VWAGY – Get Rating) declared a dividend on Friday, May 13th, investing.com reports. Shareholders of record on Monday, May 16th will be given a dividend of 0.5526 per share on Wednesday, June 1st. This represents a yield of 4.52%. The ex-dividend date is Friday, May 13th.

VWAGY opened at $20.30 on Friday. Volkswagen has a 12-month low of $19.67 and a 12-month high of $38.35. The stock has a fifty day simple moving average of $22.95 and a two-hundred day simple moving average of $27.48. The company has a market cap of $101.76 billion, a price-to-earnings ratio of 5.78 and a beta of 1.61.

Volkswagen (OTCMKTS:VWAGY – Get Rating) last released its quarterly earnings data on Tuesday, March 15th. The company reported $0.91 EPS for the quarter. Volkswagen had a return on equity of 10.48% and a net margin of 5.93%. The company had revenue of $72.74 billion during the quarter. On average, sell-side analysts predict that Volkswagen will post 3.49 EPS for the current fiscal year.

Several research firms recently commented on VWAGY. Zacks Investment Research downgraded Volkswagen from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Societe Generale raised their target price on Volkswagen from €270.00 ($284.21) to €280.00 ($294.74) and gave the stock a “buy” rating in a research report on Tuesday. Berenberg Bank initiated coverage on Volkswagen in a research report on Tuesday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their target price on Volkswagen from €210.00 ($221.05) to €230.00 ($242.11) and gave the stock a “buy” rating in a research report on Wednesday, March 23rd. Finally, Credit Suisse Group assumed coverage on Volkswagen in a research report on Thursday, February 17th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $147.00.

Volkswagen Company Profile (Get Rating)

Volkswagen AG manufactures and sells automobiles primarily in Europe, North America, South America, and the Asia-Pacific. The company operates in four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services. The Passenger Cars and Light Commercial Vehicles segment develops vehicles, engines, and vehicle software; and light commercial vehicles; and produces and sells passenger cars and related parts.

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