Ferrari (RACE) N.V. announced that its board of directors intends to recommend to the company’s shareholders a dividend distribution to the holders of common shares of EUR 2.986 per common share, with an increase of approximately 22% compared to the prior year and corresponding to a total distribution of approximately EUR 534M. The distribution will be subject to its approval by the Annual General Meeting of Shareholders which is scheduled to be held on April 16. If shareholders approve the proposed dividend distribution, the ex-date is expected to be April 22 on EXM and April 23 on NYSE, the record date April 23 on both EXM and NYSE and the payment date May 6, the company said.
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