Daimler to resume dividend at twice last rate

Daimler (DAIGn.DE) could resume its dividend this year at nearly twice 2008's rate and may bring forward a planned bond issue.

"I feel very comfortable" with analysts' estimates for an average dividend of 1.15 euros per share, Chief Financial Officer Bodo Uebber told Reuters in an interview.

"Investors can expect a good, healthy dividend," he said, reaffirming the luxury carmaker's forecast of an operating profit of 6 billion euros ($8.1 billion) for 2010.

Daimler scrapped its dividend for last year in a surprise move that sent shares tumbling on the day, but promised this was an "exception" and would not be repeated.

It paid 60 cents for 2008. Uebber said the company's ambition was to exceed its operating profit target by a "bit," and dismissed fears about a downturn in the global economy.

"From today's perspective judging by the current economic indicators I do not expect a double dip, even if the present conditions in the USA are more difficult than before," he said.

Attempts by the Chinese government to cool down overheating growth would lead to a soft landing for the country's economy, he added.

Should demand prove resilient, this could help Daimler with its borrowing costs.

"The prerequisite for a single 'A' rating could be fulfilled starting next year with stable, growing markets," he said.

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