Dividend Distribution Proposal
Ferrari N.V. (RACE) announced a proposed dividend of Euro 1.810 per common share, marking a 33% increase from the previous year, amounting to a total distribution of approximately Euro 329 million. This proposal will be presented to shareholders for approval at the Annual General Meeting scheduled for April 14, 2023.
If approved, the ex-date is anticipated on April 24, 2023, the record date on April 25, 2023, and payments will be made on May 5, 2023.
- Proposed dividend increase of 33% indicates strong financial performance.
- Total dividend distribution of approximately Euro 329 million reflects company confidence.
- None.
Maranello (Italy), February 24, 2023 - 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 14, 2023.
If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 24, 2023, the record date April 25, 2023 on both EXM and NYSE and the payment date May 5, 2023.
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