DIVIDEND DISTRIBUTION PROPOSAL
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.
AI-generated analysis. Not financial advice.
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.
News Market Reaction – RACE
On the day this news was published, RACE declined 0.99%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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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