Daimler AG (DAI) said Wednesday that its shareholders approved a 2008 dividend of EUR0.60 per share after EUR2.00 in the prior year, representing a dividend payout of EUR556 million for last year.

Separately, the annual general meeting elected Lloyd G. Trotter and Gerard Kleisterlee to the German automaker's supervisory board, replacing William A. Owens and Mark Woessner, who have stepped down.

Lloyd G. Trotter, a member of the supervisory board of PepsiCo Inc. (PEP) and Textron Inc. (TXT) and a former head of the GE Industrial division, and Gerard Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics and member of the supervisory board of De Nederlandsche Bank NV, are members of the supervisory board until the end of the 2014 annual general meeting.

With 93% of the votes, shareholders also created standardized new authorized capital for 2009 of EUR1 billion, which can be utilized against cash and non-cash contributions by April 7, 2014, with the approval of the supervisory board.