At the recent Annual General Meeting of Volkswagen AG, shareholders endorsed the proposals put forth by the Board of Management and Supervisory Board. A significant majority agreed to a dividend payout for the 2024 financial year, amounting to EUR 6.30 per ordinary share and EUR 6.36 per preference share. This represents a payout ratio of approximately 30 percent. The preference shares provided a yield of 7.1 percent based on the closing price at year-end.
Additionally, shareholders approved the formal actions of both the Board of Management and Supervisory Board members who served during fiscal year 2024.
The meeting also saw Mohammed Saif Al-Sowaidi elected to the Supervisory Board, taking over from Mansoor Ebrahim Al-Mahmoud. Al-Mahmoud was initially elected in 2022 to complete the term of Hussain Ali Al Abdulla.