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Press Release

Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2023

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Michael Brendel
Michael Brendel
Volkswagen Group Communications Head of Supervisory Board Communications
+49 (0) 152 0166 0713 michael.brendel@volkswagen.de
Christopher Hauss
Christopher Hauss
Corporate Communications Head of Strategy & Finance Communications
+49 (0) 171 8769 225 christopher.hauss@volkswagen.de
Annual General Meeting

Wolfsburg. At the Annual General Meeting of Volkswagen AG, the shareholders followed the proposal of the Board of Management and Supervisory Board and resolved by a majority of 99,99 % to pay an increased dividend of EUR 9.00 per ordinary share and EUR 9.06 per preference share for the 2023 financial year. This corresponds to a payout ratio of 28 per cent and an increase of EUR 0.30 per share. Volkswagen AG is distributing a total of EUR 4.5 billion to its shareholders for the 2023 financial year.

#Strategy

Volkswagen AG has paid out over EUR 22 billion to its shareholders from 2021 to 2023, including a special dividend related to the Porsche IPO. This demonstrates the extent to which Volkswagen shareholders participate in the financial success of their company.

The resolution on the formal approval of the members of the Board of Management and the Supervisory Board who held office in fiscal year 2023 was passed.

Dr Hessa Sultan Al Jaber, Dr Hans Michel Piëch and Dr Ferdinand Oliver Porsche were elected for a further term of office on the Supervisory Board.

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The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO2 emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO2 emissions for new passenger cars can be found in the "Guide to fuel economy, CO2 emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.