Volkswagen AG (OTCMKTS:VWAGY) Raises Dividend to $0.64 Per Share

Volkswagen AG (OTCMKTS:VWAGY) announced a dividend on Sunday, May 5th, NASDAQ reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.6401 per share on Thursday, June 20th. The ex-dividend date is Friday, May 31st. This is a positive change from Volkswagen’s previous dividend of $0.64.

Volkswagen Price Performance

OTCMKTS:VWAGY opened at $14.50 on Tuesday. Volkswagen has a one year low of $11.16 and a one year high of $17.53. The company’s 50-day simple moving average is $15.06 and its 200 day simple moving average is $13.88.

Wall Street Analyst Weigh In

VWAGY has been the topic of several research analyst reports. Redburn Atlantic began coverage on shares of Volkswagen in a research note on Wednesday, January 24th. They set a “sell” rating on the stock. Sanford C. Bernstein restated a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Volkswagen has a consensus rating of “Hold”.

Volkswagen Company Profile

Volkswagen AG manufactures and sells automobiles in Germany, Europe, 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. The Passenger Cars and Light Commercial Vehicles segment engages in the development of vehicles, engines, and vehicle software; produces and sells passenger cars and light commercial vehicles, and related parts; and offers motorcycles.