Ferrari (NYSE: RACE) board proposes Euro 3.615 per share dividend, up 21%
Rhea-AI Filing Summary
Ferrari N.V. plans to raise its cash return to shareholders, as the Board of Directors intends to recommend a dividend of Euro 3.615 per common share. This represents an increase of about 21% compared with the prior year and a total proposed distribution of approximately Euro 640 million.
The dividend must be approved at the Annual General Meeting of Shareholders scheduled for April 15, 2026. If approved, the expected ex-dates are April 20, 2026 on EXM and April 21, 2026 on NYSE, the record date is April 21, 2026, and the payment date is May 5, 2026.
Positive
- Dividend per share increased ~21%, to Euro 3.615, signaling confidence in Ferrari’s earnings and cash flow relative to the prior year.
- Substantial cash return to shareholders with an intended total dividend distribution of approximately Euro 640 million, reflecting a robust capital-return policy.
Negative
- None.
Insights
Ferrari proposes a materially higher cash dividend for 2026.
The Board intends to recommend a dividend of Euro 3.615 per share, about a 21% increase versus the prior year, totaling roughly Euro 640 million. This points to strong underlying cash generation and a willingness to return more capital to shareholders.
The payment remains contingent on approval at the Annual General Meeting on April 15, 2026. Key dates, if approved, include ex-dates on EXM and NYSE around April 20–21, 2026 and a payment date of May 5, 2026. Investors can use these to align income expectations and trading decisions.
| Date: February 19, 2026 | FERRARI N.V. | ||||||||||
| By: | /s/ Antonio Picca Piccon | ||||||||||
| Name: | Antonio Picca Piccon | ||||||||||
| Title: | Chief Financial Officer | ||||||||||
Ferrari N.V. Amsterdam, The Netherlands | Registered Office: Via Abetone Inferiore N. 4, I – 41053 Maranello (MO) Italy | Dutch trade registration number: 64060977 |  | ||||||||