BMW dividend plan disappoints shareholders

BMW Image copyright Getty Images

BMW reported a record €6.3bn (£4.8bn) profit in 2015 as sales grew across the company's major markets.

The 10% increase in profit was helped by strong sales of its sport-utility-vehicles.

Despite the better than expected results the carmaker's shares slipped 2%, as investors expressed disappointment in BMW's dividend plan.

The German carmaker will raise its dividend to €3.20 per share from €2.90 from the year before.

Sales volumes rose 6.1% globally. China was the only market to show signs of slowing - sales climbed just 1.6% after years of speedy growth.

Sales in Europe rose 9.4% while sales in the US climbed 2.2%.

BMW forecast that 2016 sales volume would top last years.

"We are again targeting a new sales volume record in 2016, with sales expected to be slightly up on the previous year," said BMW chairman, Harald Kraeuger.

BMW celebrates its 100th anniversary this week.

Related Topics

More on this story