The shareholders of Ferrari they have something to celebrate. The Maranello company has announced that the board of directors intends to propose to the shareholders a distribution of dividend in favor of holders of ordinary shares equal to 2,443 € per ordinary share, up 35% approximately compared to the previous year, for an overall distribution of approximately 440 million euro.
Stock market, share boom +25% in a month
But even more perhaps the holders of Prancing Horse shares have benefited from the excellent performance stock market performance. Today on Piazza Affari the stock gains only 0,68% to 382,70 euros. But in the last one month took home a gain of 25,15% and by over 33% in the last six months.
In the past few days it has been the Ferrari SF-24 officially unveiled, new Cavallino single-seater for the 2024 F1 World Championship. Ferrari will also be driven this year by Charles Leclerc and Carlos Sainz
Shareholders' meeting on April 17th. Ex-dividend date is April 22nd
Having obtained the approval of the dividend distribution from the assembly, the coupon detachment (ex-date) is expected on 22th April 2024, the date of legitimacy to receive the dividend (record date) is 23 April 2024 for ordinary shares traded both on the EXM in Italy and on the NYSE in the United States and the payment date of the dividend (payment date) is 3 May 2024.
In 2023 profits will exceed one billion. Guidance 2024: revenues over 6,4 billion
Ferrari closed the 2023 with record results and profits that exceeded one billion euros for the first time: i profits they rose by 34% to 1,257 billion ei revenues by 17% to 5,97 billion. Also in solo fourth quarter The Maranello company reported profits up 33% to 294 million euros and revenues up 11% to 1,523 billion. The company also provided the guidance for 2024, rising compared to 2023 values with, in particular, revenues exceeding 6,4 billion.
Growing salaries for top management
For the Ferrari top management le remunerations they grew in 2023. According to what is indicated in the financial statement report, the CEO of the Maranello car manufacturer, Benedict Vigna, received a total remuneration of 6,692 million, an increase from 4,99 million in 2022. The main items of compensation are the annual salary of 1,5 million, the variable part of the remuneration, 2,9 million, and the incentive plan long term of 1,99 million. President John Elkann received a total remuneration of 2,39 million euros from Ferrari.
Shareholders: Exor in the lead with 24,65%
For the shareholding, as of February 9, 2024, it appears that Exor, has 24,65% of the capital (36,48% of voting rights), the trust Pietro Ferrari has 10,48% (15,51% of voting rights) and Blackrock has 6,07% of the capital. According to the annual report, these are the only three shareholders with a share of more than 3% of the capital as of February 9th.
