Ferrari N.V. (NYSE:RACE) Plans Annual Dividend of €3.62

Ferrari N.V. (NYSE:RACE) announced an annual dividend on Thursday, February 19th. Investors of record on Tuesday, April 21st will be given a dividend of 3.615 per share on Tuesday, May 5th. This represents a yield of 99.0%. The ex-dividend date of this dividend is Tuesday, April 21st. This is a 15.6% increase from Ferrari’s previous annual dividend of $3.13.

Ferrari has a payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ferrari to earn $10.40 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 5.0%.

Ferrari Stock Down 0.6%

RACE stock traded down $2.25 during mid-day trading on Friday, hitting $364.25. The stock had a trading volume of 326,253 shares, compared to its average volume of 855,055. Ferrari has a 1-year low of $328.00 and a 1-year high of $519.10. The company has a fifty day moving average of $360.25 and a 200 day moving average of $409.23. The company has a current ratio of 4.90, a quick ratio of 3.78 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $88.29 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 3.57 and a beta of 0.99.

Ferrari Company Profile

Ferrari N.V. (NYSE: RACE) is an Italian luxury sports car manufacturer best known for designing, engineering and selling high-performance automobiles under the Ferrari marque. The company’s core business centers on the development and manufacture of premium sports cars and limited-series models, complemented by personalization and bespoke engineering services for high-net-worth clients. Ferrari also generates revenue from brand licensing, the sale of spare parts and accessories, aftersales services, and curated client experiences such as driving programs and factory visits.

Founded from the automotive activities of Enzo Ferrari, the first cars bearing the Ferrari name emerged in the late 1940s; the brand has since built a reputation for performance, craftsmanship and exclusivity.