Porsche generated net earnings of €1.37bn in 2016 compared to a loss of €273m a year ago. In spite of this loss and although it received a dividend of only €17m from VW, management had declared a dividend of €1.01 for 2015 which resulted in cash outflow of €308m in 2016. VW’s 2016 dividend of €2 per ordinary share will translate into dividend income of €308m for Porsche SE in 2017. This number matches management’s proposed unchanged dividend paya
22 Mar 2017
Porsche’s 2017 dividend pay-out equals 2017 dividend income
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Porsche’s 2017 dividend pay-out equals 2017 dividend income
Porsche Automobil Holding SE Pref (PAH3:WBO) | 0 0 (0.0%) | Mkt Cap: 7,181m
- Published:
22 Mar 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
Porsche generated net earnings of €1.37bn in 2016 compared to a loss of €273m a year ago. In spite of this loss and although it received a dividend of only €17m from VW, management had declared a dividend of €1.01 for 2015 which resulted in cash outflow of €308m in 2016. VW’s 2016 dividend of €2 per ordinary share will translate into dividend income of €308m for Porsche SE in 2017. This number matches management’s proposed unchanged dividend paya