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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.

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Daimler AG Boosts Dividend after 45 Percent Jump in Q4 Earnings

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.

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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 companyâ??s 2.53 billion euros ($3.41 billion) in Q4 revenue far out-distanced 2012â??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 Daimlerâ??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.

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Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

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Daimler AG Boosts Dividend after 45 Percent Jump in Q4 Earnings

on

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.

In this article:
Up Next:

AT&T 1-Year Turnaroundâ?¦ Not Enough to back the CEO
Don't Miss:

Senator Tom Harkin; Once bitten, twice duped
Written By

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