124.67000 USD
2.65
2.17%
Last update Dec 4, 10:58 AM EST
Market closed
Day range
118.89000
124.67000
Previous close
122.019997
Open
118.89000
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Volkswagen AG Preferred
124.67
2.65
2.17%

Overview

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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
635855
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
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