Volkswagen AG (VWAGY) To Go Ex-Dividend on May 20th

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

Volkswagen Trading Down 0.3%

Shares of OTCMKTS:VWAGY opened at $11.66 on Friday. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 4.42, a PEG ratio of 1.03 and a beta of 1.30. Volkswagen has a 12 month low of $8.57 and a 12 month high of $15.41. The firm’s 50-day moving average is $10.88 and its 200 day moving average is $10.18.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VWAGY shares. Sanford C. Bernstein raised shares of Volkswagen to a “hold” rating in a research report on Thursday, May 1st. Citigroup reissued a “buy” rating on shares of Volkswagen in a research report on Thursday, April 3rd. UBS Group raised shares of Volkswagen from a “strong sell” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Morgan Stanley raised shares of Volkswagen from an “underweight” rating to an “equal weight” rating in a research report on Friday, April 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.