DIVIDEND DISTRIBUTION PROPOSAL
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Ferrari N.V. (NYSE/EXM: RACE) announced a proposed dividend of Euro 1.362 per common share, marking a 57% increase from the previous year, totaling around Euro 250 million. This proposal will be presented to shareholders at the Annual General Meeting on April 13, 2022. If approved, the dividend's ex-date will be April 19, 2022, record date April 20, 2022, with payment scheduled for May 6, 2022.
Positive
- Proposed dividend of Euro 1.362 represents a 57% increase from the prior year.
- Total distribution of approximately Euro 250 million reflects strong financial performance.
Negative
- None.
Details
News Market Reaction – RACE
The recorded move for RACE in the trading session of this news was -0.99%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 13, 2022.
If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 19, 2022, the record date April 20, 2022 on both EXM and NYSE and the payment date May 6, 2022.
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FAQ
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