Deutsche Bank: Porsche Plans Dividend Payout, But Size Depends on Volkswagen and Porsche

Deep News11-12

Deutsche Bank analyst Tim Rokossa noted that Porsche intends to distribute a substantial dividend in 2025, though the final amount hinges on dividends received from its core investments in Volkswagen AG and Porsche, as well as approval at the Annual General Meeting (AGM). The company reiterated its revised full-year earnings guidance, initially downgraded in September, in its Q3 report and provided a preliminary outlook for 2025 cash returns for the first time.

Consensus estimates compiled by the company suggest a dividend of €1.66 per share. However, Rokossa added that while a potential share buyback program has been approved at the AGM, the company has no immediate plans to execute it. Deutsche Bank lowered its target price for the stock from €46 to €43 but maintained its Buy rating.

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