Daimler on Tuesday slashed its dividend as the company tries to cut costs and conserve cash to pay for an expensive shift to electric cars.

The maker of Mercedes-Benz cars will propose a dividend of 0.90 euros ($0.98) a share at its annual meeting on April 1, the company said in an earnings release on Tuesday. The dividend payout will amount to 1 billion euros ($1.1 billion) compared with 3.5 billion ($3.8 billion) in 2018 when the company paid out 3.25 euros a share.

Read Article

Daimler Stings Investors With Reduced Dividends To Fund EV Push

About the Author


User Comments


Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img][/img]