BMW will pay out a bumper €5.5bn to shareholders after a profits boost from an increased stake in its Chinese joint venture as well as higher prices for its expensive premium cars.
The German carmaker on Thursday proposed a dividend of €8.50 per share compared with the previous year’s €5.80 to allow shareholders to “participate in the success” of its 2022 preliminary results.
The move will mainly benefit siblings Stefan Quandt and Susanne Klatten, BMW heirs who own roughly half of the company and sit on its supervisory board.
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