Porsche AG Maintains Steady Dividend Amid Economic Challenges

Porsche AG has announced that it will keep its dividend stable for the 2024 financial year, despite facing various macroeconomic challenges. During the third Annual General Meeting since its IPO, shareholders approved the Executive Board's proposal to distribute a dividend of 2.30 euros per ordinary share and 2.31 euros per preferred share, totaling around 2.1 billion euros.

Key Takeaways

• Stable Dividend: Porsche AG will distribute a dividend of 2.30 euros per ordinary share and 2.31 euros per preferred share.

• Total Payout: The total dividend payout amounts to approximately 2.1 billion euros, consistent with the previous year.

• Dividend Yield: The dividend yield for preferred shares is reported at 4.98% based on the previous day's closing price.

• Payment Date: The dividend will be paid out on May 26, 2025.

• Management Approval: Actions of the Executive Board and Supervisory Board for the 2024 financial year were formally approved.

Financial Performance Overview

Porsche AG's decision to maintain its dividend reflects the company's robust financial performance despite external economic pressures. The company has demonstrated resilience, continuing to deliver value to its shareholders. The approved dividend is a testament to Porsche's commitment to returning profits to its investors while navigating a challenging economic landscape.

Future Outlook

Looking ahead, Porsche AG is focused on strategic investments to secure its future growth. The company is undergoing a generational change in its Executive Board, which is expected to bring fresh perspectives and innovative strategies to the table. This transition is part of a broader plan to enhance operational efficiency and drive sustainable growth.

Conclusion

Porsche AG's stable dividend amidst economic uncertainties showcases its strong financial health and commitment to shareholder value. As the company continues to invest in its future and adapt to changing market conditions, it remains a key player in the automotive industry, poised for continued success.

With the dividend payout set for May 26, 2025, shareholders can look forward to a consistent return on their investments, reinforcing their confidence in Porsche AG's long-term strategy and performance.