Ferrari Shareholders Approve €640M Dividend and Renew Share Buyback Authority

summarizeSummary

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.

check_boxKey Events · Financing and Capital Events · RACE

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis · RACE · Manufacturing

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.