Dividend Distribution Proposal  

Rhea-AI Summary

Ferrari N.V. (NYSE: RACE) announced a proposed dividend of Euro 0.867 per common share, totaling approximately Euro 160 million. This recommendation will be presented to shareholders at the Annual General Meeting on April 15, 2021. If approved, the ex-date is expected on April 19, 2021, with the record date on April 20, 2021, and payment scheduled for May 5, 2021.

Positive

• Proposed dividend of Euro 0.867 per share enhances shareholder returns.
• Total distribution amounting to Euro 160 million reflects strong financial health.

Negative

• None.

Maranello (Italy), February 26, 2021 - Ferrari N.V. (NYSE/MTA: 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 Euro 0.867 per common share, corresponding to a total distribution of approximately Euro 160 million.

The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 15, 2021.

If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 19, 2021, the record date April 20, 2021 on both MTA and NYSE and the payment date May 5, 2021.

Attachment

• FNV 2021 Dividend Distribution Proposal PR ENG

FAQ

What is the dividend amount for Ferrari (RACE) in 2021?

The proposed dividend amount is Euro 0.867 per common share.

When is the dividend payment date for Ferrari (RACE)?

The dividend payment date is scheduled for May 5, 2021.

What are the important dates for Ferrari's 2021 dividend?

The ex-date is April 19, 2021, and the record date is April 20, 2021.

When will Ferrari's shareholders vote on the proposed dividend?

Shareholders will vote on the proposed dividend at the Annual General Meeting on April 15, 2021.