Mercedes-Benz sees good dividend prospects on wholesome margins

© Reuters. FILE PHOTO: Mercedes emblem is seen throughout the Munich Auto Present, IAA Mobility 2021 in Munich, Germany, September 8, 2021. REUTERS/Michaela Rehle

FRANKFURT (Reuters) – Luxurious carmaker Mercedes-Benz goals to take care of double-digit working margins, its finance chief advised Boersen-Zeitung, including this resulted in excellent dividend prospects.

“Regardless of uncooked supplies and semiconductor shortages our outcomes at Mercedes have developed very properly, with double-digit working margins,” Harald Wilhelm was quoted as saying, including it was the intention to maintain these margins secure.

“With regard to the dividend, this interprets into excellent prospects for our shareholders.”

Wilhelm at present additionally serves as CFO of Daimler (OTC:), which is able to quickly be renamed Mercedes-Benz AG following the latest spin-off of Daimler Truck, by which the carmaker retains a 35% stake.

Mercedes Benz Automobiles & Vans posted an adjusted return on gross sales of 11.9% for the primary 9 months of 2021. For the complete yr, the division targets an adjusted margin of between 10% and 12%.

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