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Ferrari ( (IT:RACE) ) has issued an update.
On February 20, 2025, Ferrari N.V. announced its intention to propose a dividend distribution of Euro 2.986 per common share to its shareholders, marking a 22% increase from the previous year. This proposed distribution, totaling approximately Euro 534 million, is subject to approval at the Annual General Meeting of Shareholders scheduled for April 16, 2025, with the payment expected on May 6, 2025. The increased dividend highlights Ferrari’s strong financial performance and underscores its commitment to delivering value to its shareholders.
More about Ferrari
Ferrari N.V. is a leading luxury sports car manufacturer based in Maranello, Italy. The company is renowned for its high-performance vehicles and strong brand presence, catering primarily to the luxury automotive market.
YTD Price Performance: 20.27%
Average Trading Volume: 295,388
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $121.9B
For an in-depth examination of RACE stock, go to TipRanks’ Stock Analysis page.
