VW reviews plans to pay out €3.3B dividend
Volkswagen AG is allegedly reviewing plans to pay out record dividend of €3.3 billion despite the coronavirus outbreak.
VW chief financial officer Frank Witter last week said the company, which agreed to pay a dividend of €6.50 per share for 2019, would “monitor the situation as developments are progressing.”
However, two weeks ago, Witter called on the European Central Bank (ECB) to accelerate purchases of short-term debt which often matures in as little as six or nine months.
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