VOW3

Company Profile

Volkswagen AG Preferred Stock represents the preference shares of Volkswagen AG, one of the world's largest automobile manufacturers headquartered in Wolfsburg, Germany. These shares provide investors with priority dividend payments over ordinary shares, typically receiving a slightly higher payout, such as EUR 6.36 per share for the 2024 financial year compared to EUR 6.30 for ordinary shares. Emitting dividend yields around 6-7% based on recent year-end prices, they reflect the company's policy targeting a payout ratio of at least 30% of earnings after tax attributable to shareholders, aligning with its financial strategy for sustainable growth. Volkswagen AG operates ten brands including Volkswagen Passenger Cars, Audi, SEAT, SKODA, Bentley, Lamborghini, and commercial vehicle marques like Scania and MAN, spanning passenger cars, luxury vehicles, SUVs, and trucks. The group maintains 94 production plants worldwide, employs over 500,000 people, and sells vehicles in 153 countries, holding a significant market share in Europe. Preferred Stock plays a key role in the company's capital structure, offering stable income through consistent dividends amid the competitive automotive sector focused on innovation, electrification, and global expansion.