Ferrari Shareholders Approve €640M Dividend and Renew Share Buyback Authority
Summary
Ferrari N.V. shareholders approved a cash dividend of €3.615 per share, totaling approximately €640 million, and renewed the Board's authorization to repurchase up to 10% of common shares.
Key Events
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Shareholder Dividend Approved
Shareholders approved a cash dividend of Euro 3.615 per outstanding common share, totaling approximately Euro 640 million. The dividend will be paid on May 5, 2026.
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Share Buyback Authorization Renewed
The Annual General Meeting renewed the Board of Directors' authorization to repurchase up to 10% of the Company's common shares for a period of 18 months. This provides continued flexibility for capital management.
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Share Cancellation Approved
Shareholders approved the cancellation of common shares held by the Company as of December 31, 2025, and special voting shares held as of April 15, 2026, reducing the outstanding share count.
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Directors Re-appointed
All directors standing for election, including John Elkann and Benedetto Vigna, were re-elected as executive and non-executive directors, ensuring leadership continuity.
Analysis
The approval of a substantial €640 million cash dividend signals strong financial health and a commitment to shareholder returns. While a higher dividend payout was previously indicated, this filing formalizes the specific amount and shareholder approval. The renewal of the share buyback authorization provides the company with continued flexibility to manage its capital structure, building on existing buyback programs. The cancellation of shares further enhances shareholder value by reducing the outstanding share count.
At the time of this filing, RACE was trading at $356.79 on NYSE in the Manufacturing sector, with a market capitalization of approximately $84.7B. The 52-week trading range was $312.51 to $519.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.