BMW Raises Dividend After Earnings, Revenue Rose in 2021
10 March 2022 - 11:36PM
Dow Jones News
By Kim Richters
BMW AG on Thursday proposed a higher dividend payout after 2021
earnings and revenue rose significantly in the last year.
The auto maker said aftertax profit jumped to 12.46 billion
euros ($13.80 billion) from EUR3.86 billion the year earlier.
Profit before tax rose to EUR16.06 billion from EUR5.22
billion.
Revenue for the year rose to EUR111.24 billion from EUR98.99
billion thanks to a higher percentage of high-revenue vehicles,
positive product-mix effects and improved pricing, BMW said.
It is proposing a dividend of EUR5.80 per share of common stock,
which compares with EUR1.90 for the year before, and EUR5.82 per
share of preferred stock, up from EUR1.92 the year-prior.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
March 10, 2022 07:21 ET (12:21 GMT)
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