Ferrari N.V., through its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars. The company offers sports, GT, and special series cars; limited edition hyper cars; one-off and track cars; and Icona cars. It also provides racing cars, and spare parts and engines, as well as after sales, repair, maintenance, and restoration services for cars. In addition, the company licenses its Ferrari brand to various producers and retailers of luxury and lifestyle goods; Ferrari World, a theme park in Abu Dhabi, the United Arab Emirates; and Ferrari Land Portaventura, a theme park in Europe. Further, it provides direct or indirect finance and leasing services to retail clients and dealers; manages racetracks, as well as owns and manages two museums in Maranello and Modena, Italy; and develops and sells a line of apparel and accessories through its monobrand stores. As of December 31, 2021, it had a total of 30 retail Ferrari stores, including 14 franchised stores and 16 owned stores. The company also sells its products through a network of 172 authorized dealers operating 191 points of sale worldwide, as well as through its website, store.ferrari.com. Ferrari N.V. was founded in 1947 and is headquartered in Maranello, Italy.
Ferrari Dividend Announcement
• Ferrari announced a annually dividend of $2.60 per ordinary share which will be made payable on 2024-05-03. Ex dividend date: 2024-04-22
• Ferrari annual dividend for 2024 was $2.60
• Ferrari annual dividend for 2023 was $1.99
• Ferrari's trailing twelve-month (TTM) dividend yield is 0.54%
• Ferrari's payout ratio for the trailing twelve months (TTM) is 1.80%
• Ferrari's dividend growth over the last five years (2018-2023) was 22.88% year
Ferrari Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-04-22 | $2.60 | annually | 2024-05-03 |
2023-04-24 | $1.99 | annually | 2023-05-05 |
2022-04-19 | $1.36 | annually | 2022-05-06 |
2021-04-19 | $1.04 | annually | 2021-05-05 |
2020-04-20 | $1.13 | annually | 2020-05-05 |
2019-04-23 | $1.03 | annually | 2019-05-02 |
2018-04-23 | $0.71 | annually | 2018-05-02 |
2017-04-24 | $0.64 | annually | 2017-05-02 |
2016-05-23 | $0.46 | annually | 2016-05-30 |
Ferrari Dividend per year
Ferrari Dividend growth
Ferrari Dividend Yield
Ferrari current trailing twelve-month (TTM) dividend yield is 0.54%. Interested in purchasing Ferrari stock? Use our calculator to estimate your expected dividend yield:
Ferrari Financial Ratios
Ferrari Dividend FAQ
Other factors to consider when evaluating Ferrari as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Ferrari's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Ferrari publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Ferrari distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Ferrari are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Ferrari sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Ferrari distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Ferrari declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Ferrari's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Ferrari's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.