Volkswagen Proposes 35% Boost In Dividend After Profit Windfall

Volkswagen Group said its full-year operating profit rose 22 percent to 17 billion euros ($18.5 billion) in 2019, helped by strong sales of higher-margin cars including utility vehicles.

Sales revenue is expected to grow by up to 4 percent this year and deliveries to customers will be in line with the 2019 level of 10.98 million units, VW in a statement on Friday.

VW will propose a dividend of 6.50 euros per ordinary share, up from 4.80 euros in the year-earlier period.

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