Porsche AG adjusts dividend at AGM, shares under MDAX scrutiny
24.06.2026 - 07:59:37 | ad-hoc-news.de
By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-24, 07:57.
Porsche AG (DE000PAG9113) has confirmed a reduced dividend at its latest annual general meeting, aligning payouts with a difficult 2025 earnings picture as detailed in an EQS news release. The sports car maker’s preferred shares trade in the MDAX segment in Frankfurt, where investors are reassessing the stock’s long-term appeal.
AGM confirms adjusted dividend
According to an EQS-distributed notice, shareholders approved a dividend of 1.00 euro per ordinary share and 1.01 euros per preferred share for the 2025 financial year, totaling around 916 million euros in cash returns.The EQS release on Porsche’s dividend adjustment The company emphasizes that this payout sits well above its target ratio of 50 percent of consolidated profit after tax, indicating a still shareholder-friendly stance despite earnings pressure.Handelsblatt recap of the Porsche AGM debate
The actions of all members of both the executive and supervisory boards for 2025 were formally approved, signaling institutional support for management’s strategic reset.EQS confirmation of board discharge and dividend The AGM thus couples a cautious dividend adjustment with a vote of confidence in the leadership team’s ability to navigate a more volatile demand environment.
Investor criticism after a weak 2025
Despite the formal approvals, key institutional investors voiced marked criticism of Porsche AG’s recent performance. At the AGM, Deka’s fund manager Ingo Speich described the situation bluntly, stating that shareholders now see a “pile of shards” when they look at Porsche, and pointing to a 146 percentage point underperformance versus the DAX since the 2022 IPO when dividends are included.Zeit coverage of investor comments at the AGM Hendrik Schmidt from DWS added that the capital-market story started with a strong overtaking maneuver but has since stalled.
The backdrop is a sharp deterioration in profitability in 2025. Porsche AG’s net profit dropped about 91 percent to 310 million euros, with management linking the decline to weaker China sales, US tariff policies and softer demand for electric models.Handelsblatt analysis of Porsche’s earnings slump A costly strategic shift back toward a higher share of combustion-engine development and production also weighed on results.
All news and analysis on the Porsche AG shares
Further background, ad hoc releases and price data on Porsche AG provide context for the dividend decision and the recent earnings weakness.
The product behind the stock
Porsche AG generates most of its revenue with high-margin sports cars and performance-oriented SUVs, including the iconic 911 and the Taycan electric sedan. The company focuses on premium positioning, combining combustion engines and electrified drivetrains with strong pricing power in key markets such as Europe, the US and China.Porsche AG Investor Relations overview of the product portfolio
Where the stock trades today
The Porsche AG shares (DE000PAG9113) trade in Frankfurt on Xetra, with the latest available price indications around the mid-60-euro range as of 2026-06-23, reflecting recent volatility after the AGM debate and the confirmed dividend adjustment.
Porsche AG at a glance
- Company: Dr. Ing. h.c. F. Porsche AG
- ISIN: DE000PAG9113
- WKN: PAG911
- Ticker: P911
- Trading venue: Xetra (Frankfurt)
- Price (as of 2026-06-23, 17:35): 65.00 euros
- Market cap: 59.0 billion euros (as of 2026-06-23)
- Sector / industry: Automobiles & Components (Premium sports cars)
- Index membership: MDAX Performance-Index
- Next earnings date: 2026-07-31
This text is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or any other form of financial guidance. Data and assessments are based on sources deemed reliable at the time of publication, but accuracy and completeness cannot be guaranteed. Investors should conduct their own research or consult a qualified advisor before making investment decisions.
