What's RACE's dividend yield?

Ferrari N.V. (RACE) currently pays a dividend yield of 1.3%. Yield alone is a poor safety signal - a high yield often reflects a falling stock price rather than a generous payout, and the dividend is at higher risk of being cut. Coverage (FCF payout ratio) is the better safety metric.

Will RACE cut its dividend?

No one can predict a future dividend cut - boards make that call based on capital needs, leverage, and outlook. What we CAN measure is the financial capacity to maintain the dividend. Ferrari N.V.'s current FCF payout ratio of n/a indicates fragile coverage where a downturn could force a cut.

How long has RACE paid a dividend?

Ferrari N.V.'s 5-year dividend CAGR is 32.6%. A consistent track record without cuts during the last downturn is the strongest evidence that management treats the dividend as a commitment. Track records broken by past cuts are not disqualifying but suggest a higher conditional risk going forward.

RACE

Ist die Dividende von Ferrari N.V. (RACE) sicher?

Ferrari N.V. (RACE) currently pays a dividend yield of 1.3% with an FCF payout ratio of 33.1%. Dividend safety isn't about the yield - high yields often signal stress - it's about whether free cash flow comfortably covers the payment. The full coverage analysis is below. Educational only, not investment advice.

FCF payout coverage. Ferrari N.V.'s free-cash-flow payout ratio is n/a. Below 60% is comfortable - the business is keeping at least 40% of cash for reinvestment, debt reduction, or buybacks. Between 60-90% is workable but tighter; above 90% leaves no buffer, which is where dividend cuts become a real risk during a downturn.

Earnings vs FCF. The traditional payout ratio (dividends / earnings) sits at 33.1%. Compared against the FCF payout ratio above, large gaps indicate one of two things: accounting earnings being inflated by non-cash items (FCF payout much higher than earnings payout - red flag) or aggressive cash management lifting near-term FCF (FCF payout much lower than earnings payout - sometimes a sign of working-capital releases that won't repeat).

Growth track record. Ferrari N.V.'s 5-year dividend CAGR is 32.6%. Consistent growth across at least one downturn is the gold standard - it means management treats the dividend as a commitment, not a discretionary outflow. A 5-year track record without a cut during the last recession is much stronger evidence than a high current yield.

How invest-like measures this

Dividendensicherheit ist nicht die Höhe der Rendite - eine hohe Rendite signalisiert oft Stress. Es geht um Deckung: deckt der Free Cashflow die Dividende bequem mit Spielraum? Der invest-like-Dividenden-Sicherheits-Score gewichtet drei Signale: FCF-Ausschüttungsquote (unter 60% ist komfortabel; über 90% ist fragil), Gewinn-Ausschüttungsquote (weniger zuverlässig als FCF, weil Periodenabgrenzungen Cash-Defizite verschleiern können) und Dividenden-Wachstumshistorie (konstantes 5-Jahres-CAGR vs. Kürzungen im letzten Abschwung).

Nur Bildung - selbst eine A-bewertete Dividende kann morgen durch eine einzelne Vorstandsentscheidung gekürzt werden. Wir messen die dokumentierte finanzielle Fähigkeit, die Auszahlung aufrechtzuerhalten, keine Vorhersage von Management-Absichten.

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Ist die Dividende von Ferrari N.V. (RACE) sicher?

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