Bmw may increase dividends to as much as 40 percent

Article by Christian A., on May 15, 2012

If BMW’s earnings continue to increase, its dividends may increase by up to 40% of profit in the next few years, according to a report from the German newspaper last Saturday. The Frankfurter Allgemeine Sonntagszeitung report cited Chief Financial Officer Friedrich Eichiner. BMW hopes to give shareholders “between 30 and 40% of profit.”

BMW proposed to pay 1.5 billion euros ($1.94 billion), or 30.7% of 2011 profit, to shareholders with 2.32 euros per preferred share and 2.30 euros per common share. Eichiner said during this interview that if its “pleasant business development” stays with planned targets, then it could be higher in the future.

For the first quarter, BMW posted an almost 19% increase in profit to 2.13 billion euros ($2.80 billion) from 1.8 billion euros the previous year, exceeding even the most upbeat estimates by analysts. BMW Group’s sales increased by 6.1% in April to a record 145,505 vehicles, motivated by demand for the core BMW brand in almost all parts of the world. From January to April, the group reported sales of 571,040 vehicles, a 9.8% increase compared to the same period in 2011. [source: Ward's Auto]

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