RACE
AGM, but make it profitable
Ferrari wrapped up its annual general meeting in Amsterdam on April 15 and, unsurprisingly, shareholders said yes to everything on the menu. The big takeaway for investors: the company approved a cash dividend of €3.615 per outstanding common share.
That’s not pocket change. Ferrari says the payout totals roughly €640 million, which is a nice reminder that this isn’t just a flashy car brand — it’s also a cash machine with a very expensive logo.
Mark your calendar, not your garage
If you’re holding RACE, the important dates are the boring ones everyone forgets until they matter:
- Ex-dividend date: April 20 on EXM and April 21 on the NYSE
- Record date: April 21 on both exchanges
- Payment date: May 5
That ex-dividend date is the key one. Buy after that, and you miss this round of cash. Buy before it, and you’re in the club.
Why investors care
This is a classic Ferrari move: keep the brand luxe, the margins rich, and the shareholder returns flowing. The AGM approval doesn’t change the business model overnight, but it does reinforce the company’s ability to keep converting supercars into shareholder candy.
Big picture: in a market where plenty of companies are hoarding cash like it’s the last slice of pizza, Ferrari is doing the opposite — handing some back while still looking very much like Ferrari.