Ferrari Shareholders Approve €640M Dividend and Board Renewals — Ferrari N.V.

Event summary

Shareholders approved a €3.615 dividend per share, totaling ~€640M, with ex-dividend dates set for April 20 (EXM) and April 21 (NYSE).
All board directors were re-elected, including executives John Elkann and Benedetto Vigna.
The AGM renewed authority to issue up to 10% of common shares and repurchase shares over the next 18 months.
Deloitte Accountants B.V. was re-appointed as both independent auditor and sustainability assurance provider for 2026.

The big picture

Ferrari’s AGM approvals reflect a focus on shareholder returns and governance stability, aligning with broader luxury automotive trends toward disciplined capital deployment. The renewed authority for share repurchases and dividends underscores confidence in financial flexibility, though external risks—such as geopolitical instability and economic downturns—could pressure long-term payout sustainability.

What we're watching

Capital Allocation Strategy: Whether Ferrari’s renewed share repurchase authority signals confidence in stock valuation or a shift toward shareholder returns amid market volatility.
Board Continuity: How the re-election of key executives like Elkann and Vigna may influence long-term strategic direction, particularly in electrification and sustainability.
Dividend Sustainability: The pace at which Ferrari can maintain high dividend payouts amid potential economic headwinds, including Eurozone sovereign debt risks.