Ferrari (RACE) DIvidends Date & History

Key Takeaways

• Ferrari (RACE) pays a cash dividend once per year, with a trailing yield of roughly 1.0% to 1.2% — modest by income standards.
• The most recent dividend of €3.615 per share was paid on May 5, 2026, following a NYSE ex-dividend date of April 21, 2026.
• Ferrari has raised its dividend for five consecutive years, with a five-year compound annual growth rate in the mid-20% to 30% range.
• The payout ratio sits in the mid-30% range, leaving substantial room for future increases and financial flexibility.
• Ferrari is best viewed as a dividend growth and total-return holding rather than a high-yield income stock.

Dividend Overview

Ferrari N.V. (NYSE: RACE), the Italian luxury sports car manufacturer, operates a conservative but steadily expanding dividend program. The company pays its dividend once annually rather than quarterly, and its trailing dividend yield of approximately 1.1% is relatively low compared with the broader auto sector. This profile makes Ferrari a modest-yield, dividend-growth stock rather than a high-yield or income-oriented name. The company's dividend policy is tied to its broader capital-return strategy, which also includes share repurchases. For shareholders of record on April 21, 2026, Ferrari paid a cash dividend of €3.615 per common share on May 5, 2026, with holders of NYSE-listed shares receiving the payment in U.S. dollars.

Dividend History and Growth

Ferrari has paid dividends every year since its 2016 initial public offering, but the payout has accelerated meaningfully in recent years. The annual dividend has climbed from €1.810 per share in 2023 to €2.443 in 2024, €2.986 in 2025, and €3.615 in 2026. This represents five consecutive years of increases and a five-year compound annual growth rate estimated in the mid-20% to low-30% range — among the fastest dividend growth rates in the automotive sector. The rapid increases reflect Ferrari's disciplined production growth, strong pricing power, and expanding free cash flow. Rather than maximizing today's yield, management has prioritized a lower starting payout that can be grown aggressively over time, rewarding long-term shareholders through rising distributions.

Dividend Sustainability and Payout Ratio

Ferrari's dividend appears highly sustainable. The company's payout ratio, which measures dividends as a percentage of earnings, is typically reported in the mid-30% range — a level that is conservative for an established, profitable enterprise. This low payout ratio means Ferrari retains roughly two-thirds of its earnings to fund growth, capital spending, and share buybacks while still leaving ample headroom to raise the dividend. Ferrari also benefits from robust free cash flow, a strong balance sheet, and pricing power driven by demand for its limited-production vehicles, which routinely exceeds supply. Combined with low payout levels, this financial position suggests a very low risk of a dividend cut and significant capacity for continued dividend increases in the years ahead.

Dividend Compared to Industry Peers

Ferrari's dividend yield of roughly 1.1% is below the median of many global automakers, where yields often range from roughly 2% to 4% or higher. Mass-market manufacturers such as Stellantis and Mercedes-Benz generally offer higher current yields, reflecting their more mature, cyclical earnings profiles. Ferrari, by contrast, trades at a premium valuation and offers a lower yield in exchange for stronger growth characteristics and superior dividend growth momentum. Its low payout ratio and rapid per-share dividend increases distinguish it from peers that prioritize high current income. For investors weighing yield against growth, Ferrari sits on the low-yield, high-growth end of the automotive dividend spectrum.

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Is This Stock Attractive for Dividend Investors?

Ferrari is best suited to dividend growth investors and long-term, total-return-oriented investors rather than those seeking immediate high income. With a yield near 1.1%, Ferrari will not appeal to income investors who depend on substantial current cash flow. However, its rapid dividend increases, conservative payout ratio, and durable brand economics make it compelling for investors who prioritize compounding growth in distributions over time. The company's consistent earnings, pricing power, and shareholder-friendly capital allocation support the case for continued dividend growth. Investors should weigh the modest yield against the premium valuation and luxury-market cyclicality. As with any equity, individual circumstances, risk tolerance, and investment objectives should guide decisions, and Ferrari's profile is best understood as a growth-oriented holding with a steadily rising, well-covered dividend.

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