Volkswagen AG (OTCMKTS:VWAGY) to Issue Dividend Increase – $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 of this dividend is Friday, May 31st. This is an increase from Volkswagen’s previous dividend of $0.64.

Volkswagen Price Performance

VWAGY traded up $0.12 during trading on Friday, hitting $14.28. 278,264 shares of the company traded hands, compared to its average volume of 208,581. Volkswagen has a one year low of $11.16 and a one year high of $17.53. The stock’s fifty day moving average is $15.08 and its 200 day moving average is $13.85.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VWAGY. Sanford C. Bernstein reissued a “market perform” rating on shares of Volkswagen in a research report on Wednesday, April 17th. Redburn Atlantic initiated coverage on Volkswagen in a research note on Wednesday, January 24th. They issued a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Volkswagen

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.