Ferrari (NYSE:RACE) is set to reward shareholders with a substantially higher dividend in 2026. The board of directors of the Maranello-based luxury carmaker has approved a proposal for the upcoming Shareholders’ Meeting to distribute €3.615 per ordinary share — roughly 21% more than last year. The total payout would amount to about €640 million.
The proposal will be submitted for approval at the Annual General Meeting scheduled for 15 April 2026.
If endorsed by shareholders, the shares will trade ex-dividend on 20 April 2026 on Euronext Milan (EXM) and on 21 April 2026 on the New York Stock Exchange. The record date for both listings will be 21 April 2026, while payment is expected on 5 May 2026.
On the market, Ferrari shares showed limited movement at the open on Piazza Affari, edging up 0.20% in early trading to just above €310.
Separately, a Form 13F filing submitted to the U.S. Securities and Exchange Commission on 17 February revealed that Citadel sharply increased its exposure to Ferrari in the fourth quarter of 2025.
Between the end of September and the end of December, the hedge fund expanded its position by roughly 700%, raising the value of its holding from $14.32 million to over $114 million. The stake — representing 90.5% of Citadel’s total exposure to Italian equities — has grown steadily through the year, rising 323% from about $27 million in the first quarter and 451% from roughly $20.7 million in the second quarter.
In addition, the fund led by Ken Griffin built up its derivatives exposure, acquiring 236,200 call options and 376,500 put options during the fourth quarter, bringing the total value of its Ferrari-related derivatives positions to approximately $378.92 million.