DIVIDEND DISTRIBUTION PROPOSAL
Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) has announced that its Board of Directors will recommend a dividend distribution of €2.986 per common share to shareholders. This represents a 22% increase compared to the previous year's dividend and amounts to a total distribution of approximately €534 million.
The dividend proposal will require approval at the Annual General Meeting of Shareholders scheduled for April 16, 2025. If approved, the ex-date will be April 22, 2025 on EXM and April 23, 2025 on NYSE, with a record date of April 23, 2025 on both exchanges. The payment date is set for May 6, 2025.
Positive
- 22% increase in dividend per share compared to previous year
- Substantial total dividend distribution of €534 million
- Clear demonstration of strong financial position and shareholder return commitment
Negative
- None.
News Market Reaction – RACE
On the day this news was published, RACE gained 1.46%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Maranello (Italy), February 20, 2025 - Ferrari N.V. (NYSE/EXM: RACE) (the “Company”) announced today that its Board of Directors intends to recommend to the Company’s shareholders a dividend distribution to the holders of common shares of
The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 16, 2025.
If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22, 2025 on EXM and April 23, 2025 on NYSE, the record date April 23, 2025 on both EXM and NYSE and the payment date May 6, 2025.
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FAQ
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