Volkswagen AG (OTCMKTS:VWAGY) Declares Dividend of $0.44

Volkswagen AG (OTCMKTS:VWAGY) declared a dividend on Saturday, May 17th, investing.com reports. Investors of record on Wednesday, May 21st will be given a dividend of 0.4419 per share on Thursday, June 5th. This represents a dividend yield of 3.79%. The ex-dividend date of this dividend is Tuesday, May 20th.

Volkswagen Stock Down 0.3%

OTCMKTS VWAGY opened at $11.66 on Friday. The firm has a market cap of $58.45 billion, a PE ratio of 4.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30. The company has a 50 day moving average price of $10.88 and a 200 day moving average price of $10.18. Volkswagen has a 52 week low of $8.57 and a 52 week high of $15.41.

Volkswagen (OTCMKTS:VWAGY) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.04). The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $86.25 billion. Volkswagen had a return on equity of 6.37% and a net margin of 3.77%. On average, equities research analysts anticipate that Volkswagen will post 2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VWAGY. Morgan Stanley upgraded shares of Volkswagen from an “underweight” rating to an “equal weight” rating in a research note on Friday, April 25th. Citigroup restated a “buy” rating on shares of Volkswagen in a research note on Thursday, April 3rd. Sanford C. Bernstein upgraded shares of Volkswagen to a “hold” rating in a research note on Thursday, May 1st. Finally, UBS Group upgraded shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research note on Monday, March 17th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, other European countries, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.