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VLKPF

OTC
98.64000 USD
3.42
3.35%
Last update Jun 16, 10:00 AM EDT
Market closed
Day range
96.31000
101
Previous close
102.059998
Open
101
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Volkswagen AG Preferred
98.64
3.42
3.35%

Overview

Description

Volkswagen AG Preferred shares represent a unique class of equity in the global automotive giant, Volkswagen Group. Primarily, these shares allow investors to hold a stake in the company without granting voting rights at the shareholder meetings, which is a common characteristic of preferred shares in general. This attribute is particularly appealing for investors focused on income over control, as Volkswagen AG Preferred shares typically offer a fixed dividend that can provide more stable income relative to common shares. Volkswagen is one of the world's leading automobile manufacturers, known for a wide range of vehicles from the compact Volkswagen Golf to luxury Audi models. It plays a significant role in the automotive industry's shift towards electric mobility, with substantial investments in electric vehicles and sustainable transport solutions. In the market, preferred shares of Volkswagen are crucial for balancing investor portfolios, often preferred by those seeking capital stability and consistent dividends. They support Volkswagen's financing by offering the company a way to raise capital without diluting control, thus facilitating its strategic endeavors in automotive innovation and environmental initiatives.

About

CEO
Mr. Thomas Schafer
Employees
639608
Address
Berliner Ring 2
Wolfsburg, 38440
Phone
49-5361-9-0
Instrument type
Preferred stock
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Country
United States
MIC code
PINX
Market closed

Exchange is currently closed
Pre-market opens in 4 hours 53 minutes

01:06
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09:30
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23:59

Trading Hours (Monday - Friday):

Pre-market
06:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 17:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).