FLASH: Ferrari $RACE declares EUR 1.13/share annual dividend, 9.7% increase from prior dividend of EUR 1.03 ($1.558) Forward yield 0.69% Payable 5 May, for shareholders of record 21 April, ex-div 20 April.
Sebastian Vettel, 32 anni, is no longer the main man at Ferrari (NYSE:RACE), but the 4X world champion, does not accept that his stock has waned.
Beaten on points, wins, poles and podiums last year by teammate Charles Leclerc, 22 anni, Mr. Vettel will starts the new season in Australia next month with the pairing on equal terms.
He sounded riled at the launch of the Italian team’s new car in Reggio Emilia Tuesday night when it was put to him by Reuters that he had lost ground while Mr. Leclerc had gained stature.
“I do not see it that way,” he said.
“I think we were up and up last year, it’s not like I had a different car. We both have the same car, and the same chance to race well. I never doubted that last year, I don’t think Charles did,” he added.
“I disagree with you. I don’t see it that way, down and up. It doesn’t change anything. We were on equal terms all throughout last year. We are this year as well.”
At some point you have to sort out what’s going on in the future but I think we will have enough time to do so. So I’m not taking any extra stress or pressure,” he said.
The difference is that last year team Boss Mattia Binotto made clear at pre-season testing that Mr. Vettel, as the team’s experienced driver, would be favored as the main championship contender.
That is no longer the case, with Boss Binotto stating that they would start on equal terms from the opening race in Melbourne.
Enzo Ferrari’s iconic Italian Supercar manufacturer claimed the title according to the latest Brand Finance Global 500 2019 report launched at the World Economic Forum in Davos.
HeffX-LTN overall technical outlook for RACE is Bullish, there is no overhead resistance, and Key support is solid at 171.39, the stock has established strong long term support. The MACD is Very Bullish in here.
Ferrari finished at 177.67, +4.41 Tuesday in NY.
Ferrari will continue to create value in the long term. Ferrari is a quality 1st long term luxury products investment, and I have called it at it at 200+/share long term, adjusting it to 200/share short term and siding with BAML to 230 long term for now.