Daimler AG Boosts Dividend after 45 Percent Jump in Q4 Earnings

Daimler AG Boosts Dividend after 45 Percent Jump in Q4 Earnings (YahooFinance)

German auto-maker Daimler AG capped off the 2013 year with a strong finish, as the German auto manufacturer posted fourth quarter earnings 45 percent over the previous year. The company’s 2.53 billion euros ($3.41 billion) in Q4 revenue far out-distanced 2012’s 1.74 billion euros in 2012. Revenues increased 8 percent over the previous year, powered by a stronger lineup of smaller vehicles. Sales for the year were skewed somewhat by Daimler’s one-time gain from the sales of its aerospace division, EADS, which brought in 709 million euros. In addition, the company announced it would increase its dividend from $2.20 euros per share to $2.25 euros. Finally, in April, 130,000 Daimler workers will receive an additional 3,041 euros as part of a bonus and profit-sharing plan.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.