|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||55.53 - 57.24|
|52-week range||52.60 - 99.59|
|Beta (5Y monthly)||1.40|
|PE ratio (TTM)||3.47|
|Forward dividend & yield||2.78 (4.98%)|
|Ex-dividend date||03 Jul 2023|
|1y target est||N/A|
BERLIN (Reuters) -The families that control German automaker Volkswagen will receive 391 million euros ($425 million) in dividends for 2022 from their holding company Porsche SE, the company said on Thursday. Porsche SE proposed a dividend of 2.56 euros per preferred share and 2.554 euros per ordinary share and said dividends would increase once targets to cut debt have been met. The Porsche and Piech families behind the unlisted holding company Porsche SE are the most powerful voice in Europe's top carmaker Volkswagen and the newly-listed Porsche AG via a complex cross-holding structure.
Porsche posted record sales in its first year as a listed company as the ultra-rich splashed out on its sports cars despite higher price tags.
WOLFSBURG, Germany (Reuters) -Porsche AG expects sales to rise to as much as 42 billion euros ($45 billion) in 2023 after the luxury carmaker sped to record earnings and revenue in its first year since its initial public offering, as it boosted car deliveries. Chief Financial Officer Lutz Meschke, however, warned that supply chain issues, geopolitical strains and rising inflation still presented a challenge for the industry. Porsche AG, historically a huge money spinner for the Volkswagen Group, which owns 75% minus one ordinary share of the group, is targeting a margin of 17-19% this year with a long-term goal of 20%, it said in a statement.