Ferrari N.V. Dividend Proposal Summary (Form 6-K)
Business Context and Reporting Period
Ferrari N.V. (NYSE/EXM: RACE) announced a dividend distribution proposal on February 22, 2024. The proposal is subject to approval by the Annual General Meeting of Shareholders scheduled for April 17, 2024.
Key Financial Metrics
- Proposed Dividend Per Share: Euro 2.443
- Total Distribution Amount: Approximately Euro 440 million
- Dividend Growth: Approximately 35% increase compared to the prior year
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The primary material change is the proposed 35% increase in the dividend per share compared to the prior year's distribution.
Outlook and Important Dates
Management intends to recommend the dividend to shareholders. If approved, the key dates are as follows:
- Ex-Date: April 22, 2024
- Record Date: April 23, 2024 (on both EXM and NYSE)
- Payment Date: May 3, 2024
The filing does not provide specific guidance on future revenue, risks, contingencies, or unusual items beyond the dividend proposal.
Investor Verification Checklist
- Confirm shareholder approval of the dividend at the April 17, 2024 Annual General Meeting.
- Verify the final ex-date and record date on both the NYSE and EXM exchanges.
- Review the full Annual Report for comprehensive financial performance data (revenue, profit, cash flow) not included in this 6-K filing.