Ferrari N.V. shares are lower today primarily because the stock is trading ex-dividend on the NYSE on April 21, 2026. On an ex-dividend date, new buyers are no longer entitled to the upcoming cash dividend, so the share price typically adjusts downward by approximately the dividend amount as the market “prices out” that cash distribution. (globenewswire.com)

Ferrari’s board said it intends to recommend an annual dividend of €3.615 per common share (about a 21% increase versus the prior year), with a record date of April 21, 2026 and a payment date of May 5, 2026. The NYSE ex-date is expected to be April 21, 2026 (while the Amsterdam market ex-date is expected to be April 20, 2026), aligning with the timing of today’s move in U.S. trading. (globenewswire.com)

If the decline is primarily dividend-related, investors often look for the stock to re-couple with its normal drivers—guidance, deliveries/mix, and margin outlook—after the ex-date passes. The next major scheduled catalyst on many calendars is Ferrari’s next earnings release, listed for May 5, 2026, which could shift attention back to fundamentals and 2026 targets. (investing.com)