Deutsche Bank: Porsche plans to distribute dividends, but the size of the dividend depends on Volkswagen and Porsche.

Deutsche Bank analyst Tim Rokossa wrote that Porsche plans to distribute a significant dividend in 2025, but the final result depends on the dividends it receives from core investments in Volkswagen and Porsche, as well as approval at the annual shareholders' meeting. The company reiterated its lowered full-year performance expectations in its third quarter report and gave a preliminary outlook on cash returns for 2025 for the first time. The average compiled expectations from the company show a dividend of 1.66 euros per share. However, Rokossa added that despite approval of a potential stock buyback plan at the annual shareholders' meeting, the company does not have immediate plans to implement it. Deutsche Bank lowered the stock's target price from 46 euros to 43 euros and maintains its buy rating. The stock price rose by 1.6% to 37.05 euros.