Ferrari Board Proposes 21% Dividend Increase to €3.615 Per Share
Summary
Ferrari's Board of Directors intends to recommend a dividend distribution of €3.615 per common share, representing a 21% increase from the prior year and a total distribution of approximately €640 million.
Key Events
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Proposed Dividend Increase
The Board of Directors intends to recommend a dividend distribution of €3.615 per common share, marking an increase of approximately 21% compared to the prior year.
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Total Distribution Value
The proposed dividend corresponds to a total distribution of approximately €640 million to shareholders.
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Shareholder Approval Required
The distribution is subject to approval by the Annual General Meeting of Shareholders scheduled for April 15, 2026.
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Key Dates Announced
If approved, the ex-date is expected to be April 20/21, 2026, the record date April 21, 2026, and the payment date May 5, 2026.
Analysis
Ferrari's proposed dividend increase of 21% to €3.615 per share, totaling approximately €640 million, signals robust financial health and management's confidence in future performance. This substantial return to shareholders follows recent strong financial results reported on February 10, 2026, and complements the ongoing €250 million share buyback program, reinforcing a commitment to shareholder value. The significant increase in dividend payout suggests sustained profitability and a positive outlook for the luxury automaker.
At the time of this filing, RACE was trading at $367.01 on NYSE in the Manufacturing sector, with a market capitalization of approximately $86.8B. The 52-week trading range was $328.00 to $519.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.