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DIVIDEND DEVELOPMENT AND PAYOUT RATIO.
TARGET PAYOUT RATIO OF 30 – 40%.
2,000
1,500
1,000
500
0
18.8%
350 351
Total payout (in € million, LHS)
Payout ratio* (RHS)
17.4%
20.1%
392
18.7% 18.7%
419
419
458
15.9%
BMW Group Investor Presentation, June 2013 Page 112
694
22.1%
59.7%
93.8%
197 197
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Dividend per share (in €) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Ordinary share 0.52 0.52 0,58 0.62 0.64 0.70 1.06 0.30 0.30 1.30 2.30 2.50
Preferred share 0.54 0.54 0.60 0.64 0.66 0.72 1.08 0.32 0.32 1.32 2.32 2.52
*Payout ratio based on Group net income before minority interest.
852
26.3%
1,508
30.7%
1,640
32.0%
100.0%
90.0%
80.0%
70.0%
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%